@momurda said in Student Loan Forgiveness Rant:
That isnt how it works from @PenguinWrangler description.
The forgiveness will be taxed as income, probably at the rate bonuses/lottery income, much higher than regular income unless he is making tons of money(he isnt if working for feds).
He is essentially an indentured servant to the federal government for the next decade.
Again, this is still not a public issue.
His failure to be able to find a decent paying position has no bearing the loans he agreed to at the start of college. That is his debt.
Even if he is being taxed on this money at some insane rate, he's still being released from $63,000 of debt.
If he went to public college those loans may have been total $30,000 for a 2 year degree, which is way the hell cheaper.
Not my problem to pay for his or anyone's choice of going to a private college and not finding that sweet sweet money bags job to pay off the debt that they agreed too.