Fannie Mae-No Politics (FNMA)

[Ripcord01]

Cancel student debt...equals another financial crisis.. and an education crisis. Who is going to give a loan to students to go to school if they do not pay it back? It a trillion dollar plus debt market... cancelling student loans would cause another meltdown in the debt markets.

1) Financial institutions would not give out loans without being paid back. The institutions which lent money go belly up if they do not get paid back.

2) So have the taxpayers pay the student loans?!? Do you want to pay for someone's degree in Art Theory? Or someone who fails out of school but still racks up student loans?


The current system is not great...and there is room for improvement. But student loan forgiveness is not the solution. Having employers hire students and help pay off the debt is a better option...if the student works for the company for a set period of time. Give the employer some tax benefits to do this.