Quote:
Originally Posted by PhiGam
This is a horrible idea. Not only are you wasting billions of dollars that should either be spent on some sort of sustainable public works project or not spent at all, but you're also setting a precedent for people to carelessly borrow money.
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This might be the first time I agree with you. There are already too many people who run up insane amounts of credit card debt without thinking about the ramifications. Why cancel what is considered good debt?
If you file bankruptcy, you still have to pay your student loans. The government is not going to forgive all student loan debt.
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