Loan forgiveness sets a terrible example. Implies that you can borrow money but don’t have to repay it. A better approach might be to allow early repayment that reduces the outstanding debt with a percentage increase in the debt retired, e.g., you repay $500 a month and this reduces your outstanding debt instead by $750 — an incentive to repay the debt early and get out from underneath faster.
Student Loan Forgiveness
Published by Henry Barnard
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up. View all posts by Henry Barnard
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