They can and should do both, but if they aren’t going to stop tying people to the damn track then they should stop pretending they’re doing anyone any real favors by telling them they will loosen some knots. This is a political move to buy votes with tax payer money. That’s it. If they gave two shits about people with crippling student loan debt they’d change how the system works to stop with the predatory loans, which would in turn force universities to cut their bloated administrative costs, and lower tuition to a reasonable level where a degree and actual be worth getting.
Until they do that, this loan forgiveness stuff is just a dog a pony show.
If they do nothing the pressure will stay on them until they do something real. If the loan forgiveness actually happens they will declare victory and pat themselves on the back, and then nothing will happen for another decade or more.
They can and should do both, but if they aren’t going to stop tying people to the damn track then they should stop pretending they’re doing anyone any real favors by telling them they will loosen some knots. This is a political move to buy votes with tax payer money. That’s it. If they gave two shits about people with crippling student loan debt they’d change how the system works to stop with the predatory loans, which would in turn force universities to cut their bloated administrative costs, and lower tuition to a reasonable level where a degree and actual be worth getting.
Until they do that, this loan forgiveness stuff is just a dog a pony show.
It’s not a substitute for actual action. But in the meantime, it’s at least better than doing nothing.
If they do nothing the pressure will stay on them until they do something real. If the loan forgiveness actually happens they will declare victory and pat themselves on the back, and then nothing will happen for another decade or more.