Biden’s first step to ‘erase’ student loan debt raises plenty of concerns
The Aug. 21 Associated Press story “US to erase student debt for some with disabilities” tells us that “The Biden administration ... will automatically erase student loan debt for more than 300,000 Americans with severe disabilities that leave them unable to earn significant income.” The article goes on to tell us that “this move will wipe out more than $5.8 billion in (student) debt.”
At the risk of my being considered against this compassionate move, there are several questions that should be asked:
1. Is there any difference between the word “erase” and the other words frequently used – “forgiveness” and “cancellation” – or is someone playing word games with euphemisms?
2. How did this many college students get this far in debt, and then find they couldn’t get the high-paying jobs that someone told them would be waiting for them with their degree? (We can’t blame it on “the economy,” as we are told almost daily that there are many jobs out there.)
3. What group of deserving students – with billions of dollars of unpaid debt – will be next for “debt forgiveness” – or whatever it will be called for them – and how many billions will that be?
4. Finally, where is all the money coming from to pay off these “forgiven”/”erased”/”canceled” student loans? And please don’t tell us that the government will simply increase the taxes on the “rich corporations and the wealthy people.” Jack E. Willer, Columbus