Many of you have probably already seen the Facebook group created by Robert Applebaum, a lawyer from New York who believes that forgiving student loan debt for people making less than $150,000 per year would help boost the economy from "the bottom up."
"Instead of funneling billions, if not TRILLIONS of additional dollars to banks, financial institutions, insurance companies and other institutions of greed that are responsible for the current economic crisis, why not allow educated, hardworking, middle-class Americans to get something in return? After all, they're our tax dollars too!"
As someone who is myself drowning in student debt, I love this idea... but I don't have the economic or financial expertise needed to say whether or not this would actually work. Anyone want to weigh in?
Here's the FB group
http://tinyurl.com/cy2bvr
"Instead of funneling billions, if not TRILLIONS of additional dollars to banks, financial institutions, insurance companies and other institutions of greed that are responsible for the current economic crisis, why not allow educated, hardworking, middle-class Americans to get something in return? After all, they're our tax dollars too!"
As someone who is myself drowning in student debt, I love this idea... but I don't have the economic or financial expertise needed to say whether or not this would actually work. Anyone want to weigh in?
Here's the FB group
http://tinyurl.com/cy2bvr