I know at least three people that have held off refinancing their student loans so they can avail themselves of this eventually. My brother-in-law even joked when he took them out
(pursuing a Master of Divinity of all things) that he was never paying his back. Needless to say I don’t care for him. I am glad I refinanced mine...I wouldn’t want any part of this. If you incur a debt, you should pay it back.
Maybe it’ll be treated as a gift, and handed over to the tender mercies of the IRS. If people thought owing 120k in student debt was bad, wait until the IRS wants the taxes on a 120k gift...
“My brother-in-law even joked when he took them out
(pursuing a Master of Divinity of all things) that he was never paying his back.”
Wow. Maybe he should have gone for the PHD.