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b_b  ·  581 days ago  ·  link  ·    ·  parent  ·  post: Pubski: August 24, 2022

Thoughts on the debt cancellation, anyone?

I'm super confused as to how they arrived at the $125,000 number, and why it isn't scaled to a cutoff. If I make $125,001, do I not qualify? What if I get married real quick to qualify for the $250,000? What if I'm a physician in residency and I make $60k, but I'm going to make $300,000 next year? What if I'm enrolling in college this year at a $50k/yr university? All-in-all I think this is moronic at best. Just change the law to make student loan dischargeable in bankruptcy court and get on with it.