my two YUGGGGEEEE points here on this.....
1. No cost for this is ever mentioned. It will be astronomical. Its the elephant in the room really.
II. Its a BIG PANDER - period. Its a serious cradle to the grave brick in the bigger wall. Big Gov dependency being furthered (as K somewhat touched on)
ok, two more points:
C. as Snaggie said, what if you already went to school or have no debt any longer? you gonna extend this to mortgages for those folks? it just for college? what about tech school? community college? Specialty trade stuff? What if I wanna pay for it myself....BUT....if gubment is gonna pay it off anyway, hey lets go grab a loan ammarite? Sends a terrible message.
Quattro. as usual, no root cause here is being addressed....simply throwing more money at an issue that shouldn't have happened and isn't being prevented from happening again. College tuition and the cost of living while in college is simply too damn high now. Its increased exponentially against the normal cost of living. Why isn't the assrape dry act of these schools being addressed? They are money holes. They get crazy tuition, endowments, grants, state money, fed money, you name it. And all these dumb ass kids get is a debt that they demand we pay off. Drive these costs down, and a part time job can pay for most tuition believe it or not. We have a cost issue.....not a loan issue. The loan sharks are simply there out of demand.