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Who owes the most in student loans: New data from the Fed (brookings.edu)

The fact that households in the upper half of the income distribution and those with graduate degrees hold a disproportionate share of that debt almost never makes it into the narrative. But who owes education debt is as important as how much debt there is.

The highest-income 40 percent of households (those with incomes above $74,000) owe almost 60 percent of the outstanding education debt and make almost three-quarters of the payments. The lowest-income 40 percent of households hold just under 20 percent of the outstanding debt and make only 10 percent of the payments. It should be no surprise that higher-income households owe more student debt than others. Students from higher-income households are more likely to go to college in the first place. And workers with a college or graduate degree earn substantially more in the labor market than those who never went to college.



Some would no doubt benefit, but MANY as shown in the data are relatively high income folks who are able to pay it down.  And folks with no income can defer payments now.  I don't make this up, this is real, it's upper income folks who would benefit for the most part.

A growing share of borrowers participate in income-driven repayment (IDR) plans, which do not require any payments from those whose incomes are too low and limit payments to an affordable share of income for others. And some borrowers are in forbearance or deferment because of financial hardships. As a result, out-of-pocket loan payments are concentrated among high-income households; few low-income households enrolled in IDR are required to make payments.

Imagine, if you will, an under privileged person of whatever ilk who is honest, willing to show up on time, and do a reasonable job, say flipping burgers.  This person wants to succeed in life and is willing to work for it.  The manager of the franchise, no doubt frustrated in being  unable to find honest folks who show up on time and do a reasonable job, is going to notice him or her fairly quickly.  They have then a path to become assistant manager over time, and then manager,  they might need to find time to obtain more schooling at night, it's not an easy path by any means.  Folks do exist who have done this and who now own several franchises.

It's not impossible.  It's not easy.

Imagine, if you will, an under privileged person of whatever ilk who is honest, willing to show up on time, and do a reasonable job, say flipping burgers.  This person wants to succeed in life and is willing to work for it.  The manager of the franchise, no doubt frustrated in being  unable to find honest folks who show up on time and do a reasonable job, is going to notice him or her fairly quickly.  They have then a path to become assistant manager over time, and then manager,  they might need to find time to obtain more schooling at night, it's not an easy path by any means.  Folks do exist who have done this and who now own several franchises.

It's not impossible.  It's not easy.

Imagine a manager that doesn't see it.  It's a mismanaged fast food joint.  It goes out of business.  
OPEN YOUR EYES.

Here, just this morning, I'm on my way to work, I'm going to get some drive-thru breakfast (because my health isn't important to me).  So I pull into a Burger King in the ghetto.  It's obviously open, perhaps for 5-7 minutes (6:37) and no one answers at the menu sign.  I pull around.  Honk gently.  A guy comes over - "the system is still booting up, it'll be a few minutes."
I leave, because I'm in a hurry.  That fast-food joint is mismanaged.  They should have someone there early enough to boot the system so that they're ready to take orders the minute they open.  I doubt the owner knows his "restaurant" is being handled this way.

A shitty joint like that isn't going to appreciate the good worker who is on time and does a good job, they're going to run him ragged, covering other, bad worker's shifts until he wants to quit.  It's called reality.  Try it, sometime.

It can be, if both sides are willing to be human beings and discuss things.  Instead of blindly saying NO.

It COULD be, but it isn't.  I'm willing to discuss alternatives obviously, but not something that is NOT what is being proposed currently.

I've shown how this is primarily a bailout for the wealthier students and banks more than assistance to the truly needy.  If someone some day modifies the parameters then it can be discussed.  

I see no reason to discuss something not extant beyond being suggested here.  It's not "real", it's not what is being pushed.  

10k probably isn't doing much for the doctors but it would be doing a lot for the nurses

Nursing School is one area that I would propose earned tuition for all, everywhere. Meet certain criteria (decent grades, community service, punctuality, etc.) and you are in at no cost.

10k probably isn't doing much for the doctors but it would be doing a lot for the nurses

and where does this 10K come from?

from those that have giving to those who need?

from redistributing wealth?

I think it's easier to believe there is NO chance for any success in life to rationalize why a person failed to achieve it.

The MAN kept me down ....