Bernie Sanders Wants to Cancel All Student Debt. But There’s a Catch

The Stream ^ | June 25, 2019 | ALEX CHEDIAK

[CommerceComet]

Wait. So I get mine back retroactive from 40+ Years back with interest, right?

A colleague and I were talking about just that this morning in the hallowed halls of academe as we went to teach our classes. Let's start our own reparations campaign.

[Texas resident]

Good financial analysis.

I was thinking contracts. These kids signed something to get the loan. A loan is a contract. Like a mortgage.

So, the dims are advocating that these kids can break contracts with their lenders with no ill effects?

[Ancesthntr]

Oh, there WOULD be effects, even if Sanders got a revision to the Internal Revenue Code passed that exempted this from inclusion in their income. Credit reporting agencies and lenders are NEVER going to ignore someone who craps out of a loan.