1/🧵Students are given loans to fund their education, and for many, they pay the debt for the rest of their lives. We know how bad it can be paying off debt that keeps accumulating interests. But would you accept all outstanding debt be cleared off if it means everyone else, including you, pays more taxes to offset it? Would you accept this?
3/🧵Students are given loans to fund their education, and for many, they pay the debt for the rest of their lives. We know how bad it can be paying off debt that keeps accumulating interests. But would you accept all outstanding debt be cleared off if it means everyone else, including you, pays more taxes to offset it? Would you accept this? below is link to my post.
#gosh
https://inleo.io/@cindynancy/student-loan-79j?referral=cindynancy
2/🧵One thing about loans is that there is always an interest to pay, and any time you miss the interest, it will keep accumulating, okay? Let's take, for instance, the government or a philanthropist deciding to clear off outstanding student loan debt. It will be the best news this student will hear. Someone clearing their debt allows them to focus on personal development and supporting their families, rather than worrying about debt repayment.