Forgiveness invests in our nation’s future
Yes, absolutely. We need to forgive student loan debt immediately and then we need to invest in supporting the next generation in their endeavors toward higher education.
I would love to see all student loan debt forgiven. It is something that can be done instantly and would bring profound relief and ultimately boost the economy.
I am in the minority of those who are lucky enough to have been able to pay off a student loan debt, and I want that same freedom for others. I understand the circumstances that require people to take out student loans to make it through college. Those circumstances are systemic and not individual and yet we have made student loan debt all about individual choice.
Our government has known student loans were and are predatory and has a responsibility to make this right. Also, historically, our government has stepped in to support and fund higher education and we need to be supporting and funding higher education again today.
Juliana Abraham, Del Mar
Borrowing by Americans fell in January for the first time in five months, as the use of credit cards fell to the lowest level in four years, offsetting gains in auto loans and student loans. The Federal Reserve reported Friday that consumer borrowing fell by $1.3 billion in January, the first setback since a $9 billion decline in August. The weakness came from a $9.9 billion decline in borrowing in the category that covers credit cards. It marked the fourth straight decline in that category and was the biggest drop since a $10.8 billion fall in August. It pushed credit card activity down to the lowest level since January 2017.