I'll have to suss it out more but so far I like the Biden student loan forgiveness plan -- especially the part where none of the Jubilants (if I may call them that!) have to pay more than 5% of their discretionary income per month toward loans. For one thing, it underlines how this isn't the giveaway to the rich that Republican assholes are making it out to be.
It also has the added benefit of making Megan McArdle mad:
If you're wondering how McArdle knows that all you horrible people who got student loans were just whooping it up in college, wearing nice clothes and painting the town and studying something silly like literature or sociology, you have to understand this is what it sounds like when a child of privilege swallows old-school outrage-based rightwing propaganda -- you know, hippies cashing their welfare checks while the silent majority works hard, goddamnit -- and regurgitates it in a snippy little pundit voice.
In the battle of reality and resentment, resentment wins every time. That is, it wins in McArdle's world -- but in an America where a growing number of people go to college (a trend reactionaries would like to reverse, for obvious reasons), and parents still want better for their children, I suspect it's very different.
Anyway I paid my loans off years ago (not hard because I had scholarships -- marvel at it, ye sons of Reagan!) and I think it's great.
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