Hold on there, Pardner! Let’s not be too hasty.
This would be a moderate position, if true. Big gamble for the little guy.
I’m amazed that he managed to come up with a policy position on student debt that probably alienates everyone at the same time in how insane it is.
The time to go on strike against debt is before you take out the loan.
Fifteen percent ? max out of your paycheck or pay the previously agreed amounts.
It may be in the graduate’s interest to sign up.
It would be like the English system, but I assume only a new repayment option.
....and there goes the educated-citizen vote.
I could go along with that.
Bloomberg is going to burst into flames when people realise what his proposals are.
Take it out of the endowments of the universities who exploited dumb 18-year olds for their student loans.
Just another reason Fed.gov needs to abolish the Dept. of Education
They are the means by which government is making debt-slaves out of an entire generation - then using it for political advantage.
“Bloomberg would not cancel student debt or make all public colleges free (as Bernie Sanders proposes). Instead, he would place all student debtors in an income-driven repayment plan so that payments are taken directly from borrowers paychecks.”
That’s actually a great idea!!! Make the leftist deadbeats PAY for their useless leftist degrees!!!
I hope Trump does this after the election and then gives Bloomberg credit for the idea!!!
Going after the youth vote I see.
Even a blind hog finds an acorn every now and then.
Bloomberg’s attitude is that private businesses can be forced to provide services to the government for free. Why would I have to collect and process student loan payments if my employees were foolish enough to run up student debt? Small employers will tend to eliminate the trouble-makers and hire others who don’t cause extra work.
“Question on college:
Daughter #1 receives nice letter from Yale saying to apply. Includes cost calculator. Cost for her is $306,000.
If she invests 306k and surfs for 30 years she ends up with 2.5 million (age 48) 5 mill at 56 and easy 10mil at 65.
Why would she pick Yale?”