I’m curious what fraction of high-income people have kids with student loan debt that’s been forgiven. It may be that the people who’ve lost the most money on net to forgiving other people’s student debt are simply a tiny fraction of extremely wealthy people and people with no close relationships with student debt holders. If so, it’s no surprise if most people are fine with the program. This is all speculation, and if anyone has data on this I’d be interested to know the answer.
I’m curious what fraction of high-income people have kids with student loan debt that’s been forgiven. It may be that the people who’ve lost the most money on net to forgiving other people’s student debt are simply a tiny fraction of extremely wealthy people and people with no close relationships with student debt holders. If so, it’s no surprise if most people are fine with the program. This is all speculation, and if anyone has data on this I’d be interested to know the answer.