Should Wall Street pay off student debt

[Mike M (the other one)]

(06-27-2019, 02:27 PM)Au165 Wrote: Do those who actually paid their debt themselves get a refund? I am up for making higher education free, or cheaper, but I am not interested in paying off someone who knowingly took on 100k in debt for a fine arts degree. What you are rewarding here is people who improperly estimated their earning power based on their chosen degree, or simply didn't care. That is an insult to those of who put "following your dreams" aside for making smart financial decisions in terms of career and education choices.

And that's a fine point. What I would do is create a list of degrees that are necessary and that we have a shortage of people working in those fields, and those peeps get 100% of the max refund that will be allocated. Then other degrees people would get half or less depending on the usefulness of the degree.