University of Chicago professor weighs in on the effects of student loan forgiveness

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'It's going to be paid for in the future through one of two things, either tax increases or less government spending on things we care about.'

– It's a plan that has borrowers jumping for joy, and critics calling for more fiscal responsibility.be on the economy, and how will it be paid for? CBS 2's Tim McNicholas tried to find out.

"I've done the math," she said."If I have kids, I will be paying for their school as well as paying off my own debt."When might she see the $10,000 in forgiveness she qualifies for?And, a broader question about the plan to forgive more than $300 billion nationwide:"Where is this money coming from?" she said.

 

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Wait, How Did Student Debt Even Become A Thing?Biden has announced partial loan forgiveness for individuals making under $125,000 a year. Critics say this move amounts to handouts for rich, highly educated elites, and a betrayal of students who already paid off their loans. Do you just repeat anything critics say even if it's dumb Weird and deeply shitty that you're centering the opinions of right-wing plutocrats who gave the 1% a $2,000,000,000,000 tax cut a couple years ago okay but what do the literal millions of people whose lives will be improved by this say?
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