I'm in the relative minority of people whose student debt will be ended outright under this proposal. This is because I borrowed fairly responsibly and cut costs everywhere I could, including in many ways not available to many people.
I would happily pay that debt if it undid the 2020 election and we all got to keep 2019 prices and policies. I guess it'll be nice to not worry about that modest payment every month, but the saving won't even come close to covering Bidenflation, which will now be worse.
For most debtholders this is a minor haircut to their debt load, and it's mostly upper class people who will get it.
I would happily pay that debt if it undid the 2020 election and we all got to keep 2019 prices and policies. I guess it'll be nice to not worry about that modest payment every month, but the saving won't even come close to covering Bidenflation, which will now be worse.
For most debtholders this is a minor haircut to their debt load, and it's mostly upper class people who will get it.