Senator Bernie Sanders (I-Vt. ) recently announced a proposition to get rid of education loan financial obligation. He promises to spend down an overall total of $1.6 trillion, while funding the expenditure having a brand new income tax on “Wall Street conjecture. ”
Pupil debt may be a serious burden for current grads, particularly those that neglect to obtain high-paying jobs. Additionally the intention to aid people that have severe monetary burdens is commendable. But student that is eliminating debt would do more harm than good.