It would make a difference to the people living there who are too poor to leave.
It would make a difference to the people living there who are too poor to leave.
The federal government tracks all student loans, they know very explicitly how many people qualify.
If you’re making income based payments, and you have low income, the debt grows over time because the payments aren’t even enough to cover interest on the debt.
2.5 million people qualified for this plan, one of 5 that were put in place.
The plan was largely targeting dropouts, because they tend to be most trapped by loans. They don’t get any income benefit from a college degree, and tend to have lower paying jobs. If you’re doing income based repayment at minimum wage, it’s possible for your loan principle to grow continuously.
I’m not saying it’s perfect, but it definitely would have helped people.
Reasonable advice, but I’d note that I pay for premium and patreon specifically because I can only afford patreon for a few creators. I’d rather pay everyone I watch. While YouTube isn’t perfect, I like the service enough that I don’t mind paying for it.