Canceling Student Debt Won't Fix the Real Injustice in Higher Education

Contributing sentiments towards policy:

59% : The concept of a social safety net for the desperate and most disadvantaged never envisioned five-figure transfer payments to those who possess the most sociological, professional, and economic leverage in society.
57% : But what it really does is reveal the fact that this is a transfer payment for those of higher earnings, and higher earning capacity, which last time I checked was one of the main reasons people are told they will benefit from a college education.
54% : Much has been written about the regressive nature of "canceling" student debt -- of how the benefits in doing this accrue to the least unemployed and best compensated members of society.
47% : The right solution is not to replace student debt cancellation with auto loan or credit card debt cancellation, but of course, if the real agenda was a financial benefit to the lowest-tier wage earners, that is exactly where the policymakers would start.
45% : They do not always act morally or responsibly, but they can be forgiven for assuming that when a $400 billion cancellation of student debt for good wage earners takes place, a pretty large cancellation of credit card debt for poor wage earners may be next.
41% : The pending "cancellation" of student debt for those under a certain income limit speaks to this fatal flaw of the policy: that it benefits higher wage earners and is substantially paid by lower wage earners.

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