In a fun twist, my neighbor with the yang sign and bumper sticker has replaced the sign with a Warren sign
Loan forgiveness could be a great way to solve other systemic economic problems. Here's my plan which I spent all of 1 minute thinking up:
1. No loans are "forgiven," so dx's free rider concern is addressed.
2. If you do certain work, your loan payments for the duration of your employment at that work are paid for you by the government. That work: public school teacher, nurse, child care worker, paramedic, home health aide, social worker, non-profit employee, pro-bono attorney, pro-bono doctor, public defender. In general, the jobs we really need filled with competent and motivated people which pay poorly or not at all.
So, dx paid back his loans so he has the privilege to work anywhere he wants. That's what he paid for. OTOH, an idealist can go deeply into debt getting a law degree and then not have to pay for it if she becomes part of Gideon's Army. At any given time you can decide to opt in or out of the system -- it maximizes personal freedom. You don't have to "declare" to receive benefit, you simply provide proof that you're working in an approved humanitarian, low-compensation profession.
Work long enough in your field and you never pay a penny in loans. And you're getting a huge reward for doing good works. Note also the government now has skin in the game to get the best loan terms for you, because they may well end up paying for them, so they crack down on predatory lending.
In a fun twist, my neighbor with the yang sign and bumper sticker has replaced the sign with a Warren sign
Why should any lawyers get help but no doctors? That seems ridiculously biased and misguided. Not all doctors work in private practice making seven figures.
Yes, programs like these need to be universal so that they can't be attacked from within.Why should any lawyers get help but no doctors? That seems ridiculously biased and misguided. Not all doctors work in private practice making seven figures.
Why should it cost $300,000 to go to college?
Why should it cost $300,000 to go to college?
Look, we need all the lawyers we can get. It's a dangerous world out there. Pretty sure if you forgave all law school debt, a lot of lawyers would be giving their time away, and how cool would that be?
Well, they'd sue you when you're walking on the street
They'd sue you when you're tryin' to keep your seat
They'd sue you when you're walkin' on the floor
They'd sue you when you're walkin' to the door
But we should not feel so all alone
Everybody must get sued.
It shouldn’t, but that’s including medical school
Yeah...Med School is no joke.
I think if lawyers and Doctors want to be included they should have programs in place like for teachers. Work in certain parts of town (with diverse socioeconomic and racial makeup) and you can get forgiveness. Or if you say do 2 years of Doctors Without Borders or working for Legal Aid qualify for other forgiveness. Incentivize them to work with the less fortunate.
I have a co-worker from France. He says there medical school is affordable, but you make a lower salary as a doctor.
That’s how it works in many countries. Much lower debt and lower salaries. Not super low, but low compared to here
Look, we need all the lawyers we can get. It's a dangerous world out there. Pretty sure if you forgave all law school debt, a lot of lawyers would be giving their time away, and how cool would that be?
Well, they'd sue you when you're walking on the street
They'd sue you when you're tryin' to keep your seat
They'd sue you when you're walkin' on the floor
They'd sue you when you're walkin' to the door
But we should not feel so all alone
Everybody must get sued.
I have a co-worker from France. He says there medical school is affordable, but you make a lower salary as a doctor.
At first it just smelled like socialist body odor in this room, but I'm beginning to smell a communist fart.