Biden administration forgives $4.8 bln in student debt
reuters.com
"This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions," Biden said in a statement.
You are viewing a single comment
Are you saying that because a person could earn more than a million dollars more over their career than a high school educated person that they're rich? Or are you saying that a person who is college educated is already rich to start with?
Either way is confusing, so I'm hoping you'll clarify. Seems a lot like you're implying that a possibility is the same as having a million dollars in your bank account? Like just because I have lotto ticket I'm a millionaire even though the numbers haven't been drawn yet.
I'm saying it's statistically proven that a college educated person has a much higher earning potential than a person without higher education.
I'm not implying wealth before college at all. Therefore, if you support a government bail out of those people, you support the government bailing out the wealthy.
I’m trying to understand what you’re saying. Are you arguing equality vs equity? For example that any handouts or bailouts regardless of economic situations or conditions is the same?
How are you defining wealthy/rich vs poor? Would it be fair to say that that at a certain point an item costing $5 is more affordable for someone who makes 100k vs 30k? Generally / statistically speaking.
That would be a fair statement, and also makes a perfect example of why a college educated person, that makes more than a high school educated person, should be able to pay the money they owe.