There's an interesting prediction that the government will forgive all those student loans as a means of increasing tax revenue. The idea is that the government will treat the forgiveness as taxable income, which will let them at least get some of it back.
289 sats \ 1 reply \ @grayruby 4 Jan
Hadn't heard that and don't know how it would functionally work. If people can't pay their student loans hard to imagine they have the money for a large lump sum tax payment. Maybe if the taxable income is added over a 10 year span.
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If there are people who could make their loan payments but are choosing not to, this would work on them, because you can go to jail for not paying taxes.
For people who really can't make a payment, this would reduce the government entitlements they qualify for.
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