Just another great plan from Obama & Biden. Whatever made them think anyone would go for this? Of course, if this works then there will widespread collection for other debts incurred for any reason.
The student loan fiasco was a sort of pyramid scheme. The colleges got to collect straight from the government and as usual is such cases, it led to widespread abuse of government Monopoly money
People even in business schools think that printing money is fine the problem is it isn’t fine
It runs out or we go into inflation which reduces jobs which reduces students’ abilities to pay back the avg $60 to $100k which makes them hopeless which makes them not want to vote for democrats who are in charge
This money will never be seen again and the source will run out. People won’t sign up for this
Colleges are in trouble and now we see deans and presidents appointed by Obama in this scheme to be completely inept utterly corrupt, under qualified, wayyyyy overpaid, plagiarizers, anti Americans, antisemitic, completely unaware of where their money comes from- the students.
Biden is tasked with scrambling to give it a better face. He’ll fail