My complaint is that they'll benefit disproportionately...
I paid off my student loans, including private loans that had 10%+ interest rates. It doesn't sit well with me.
How is the debt being resolved as well? Will taxpayers at large be footing the bill?
My point is it's stupid to discount a policy that we KNOW will have huge benefits for a group that desperately needs it, because it will also help many who may not need it. Especially since trying to make the policy only apply to one group will doom it to fail.
The second part is your actual concern. Don't be silly and try to make it seem like your concern is that white people will disproportionately benefit
I actually can understand your point abt it being unfair to people who paid off their loans - I'm in that group as well, although to be fair I only had 30K, not the crazy 6 figure amts that many end up with nowadays. But on some issues you gotta look at the bigger picture. The loan issue is a huge drag on our economy.
Not sure how much of the debt is held directly by fed gov't, vs private lenders....might be that for loans held privately, the govt may only cover losses to a certain percentage.
Or maybe at some point they'll change bankruptcy laws and let people discharge student loan debt in same way that consumer debt is wiped out. Devil is in the details. But at least it's being openly discussed.