Question

In: Economics

Student Loan Debt should be forgiven for all College Students. 1. How convinced are you that...

Student Loan Debt should be forgiven for all College Students.

1. How convinced are you that the argument is "valid" (on a scale of 1-100%)? Why?

2. What would it take for you to change your mind?

Solutions

Expert Solution

Answer)

  1. On a scale of 1-100,I would say,I am 1% convinced about its validity because we are risking a lot of things here,first why should student loan debt be cancelled,why not other loans too or free sports coaching too for someone wanting to make career in it,the point is it will set bad precedence,second why can't we look at college fees and scholarships as solution rather than paying off in a way,third why can't students earn their tuition and finally why should'nt the amount be used to do development for entire nation rather than students.
  2. I think if it can be shown that there are not enough ways to earn while you study,if it is good in the sense that it actually benefits nation more than using that amount on development,if everyone needs their debt to be forgiven and not the needy ones and finally if students will actually payback in some way or another to nation when they can would be helpful in convincing me to rethink about it.

Answer is complete.Thank you!


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