Stimulate the Economy by Forgiving Student Loans?

Stimulate the Economy by Forgiving Student Loans? | Care2 Causes

care2.com 27 Sep '11, 5am

Stimulate the Economy by Forgiving Student Loans? | Care2 Causes

I think those who are unilaterally opposed to this are missing the point. I was lucky, my parents saved to send me to college, a childless Aunt and Uncle helped also and I worked to make up the difference. Now some years later, my neice was not quite so lucky, she took 100,000+ in loans to put herself through school. Thanks to a repeat summer internship and her raw talent she had a job waiting for her when she graduated 6 years ago. Her student loan debt payments make up more than 35% of her take home pay. If she did not have this debt she would be looking to buy her first home, rather than continue to live with her Dad. She would be looking to furnish that home, probably take a vacation, etc. In other words, she would be spending real money in the real economy. That, I think, is the point. How much real money would be returned to the real world by doing this? How many job...

Full article: http://www.care2.com/causes/stimulate-the-economy-by-forg...

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@consumeresq » 28 Sep '11, 11am
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@Ray99Aegis » 28 Sep '11, 4am
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Stimulate the Economy by Forgiving Student Loans? | Care2 Causes [link]
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Stimulate the Economy by Forgiving Student Loans? | Care2 Causes: A petition to kickstart the economy by forgivi... [link]
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Stimulate the Economy by Forgiving Student Loans?: by Mhaire F Would forgiving student loans help economic recov... [link]
@studentloanblah » 27 Sep '11, 6am
Stimulate the Economy by Forgiving Student Loans?: by Mhaire F Would forgiving student loans help economic recov... [link]