Will student debt cancellation cause inflation?

thats the other part. it will encourage people to take out future loans they cant repay under the asumption the govt might cancel this one too

You know inflation almost exclusively hurts poor people with no assets right? The rich own real estate which increases with inflation. Stocks also do alright. Gold/btc does really well.

I wouldn’t even cancel the interest rates, someone takes out a loan they should pay it back.

right, i said they werent happy with their 1,000% gains on their real estate and 401ks. gotta inflate it more

If I were an American, I'd be taking out a $10k student loan and dumping it into BTC and ETH right fucking now. Free money

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She does not know how to check'em

why are they trying so hard to start hyperinflation?

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Fuck thought you were being sarcastic

You can graduate from a community college without any debt at all, study a real degree, get the proper certifications and you'll be almost on the same level as everyone else excluding the very top schools and companies

>bomb sandnigger villages for making jews even richer off oil

Based.
The government also gives you 6k a year if you’re black or poor.

Most high income people have student debt. Cancelling this would help them out even more. Weird how the libs haven’t figured out this is essentially a regressive tax.

Yeah but who the fuck wants to be a 99%er? I would gladly take out a 100k loan if it meant that I had a chance to attend a T10/Ivy League school in America. Those degrees are worth their weight. Things you anons may not know about ivy league degrees
They immediately put you into a higher salary band than everyone else, just for having them. I have two examples here, the most prominent one is a major global retailer. If you were to apply to this retail company and you have an ivy league degree (and you're a new grad), you immediately get brought on board as a L3/L4 employee. Further if you have a MBA you start out at L4 out of the gate. (L3/L4 is Management Level / Senior Management or Senior Individual Contributor or Senior II Individual Contributor). Everyone else who gets hired? Starts off at L1 right out of college.

this goy is right, only permaStarcuck baristas will deny this.

It's not necessarily true.

You're in a higher salary rate based on your connections. Ivy Leagues are predominantly dedicated to the rich for the rich. You already have those connections by birthright. If you get accepted on merits -- you're still an outsider in the world you graduated into.

Capitalism is a system for cronies based on nepotism. If you're still naive and don't understand you can't just become a 1% through hard work and dedication, you're ngmi.

great reset

Why would you want to work somewhere that gives senior management positions to kids right out of college? Sounds like a shit company.

Probably not. On a personal level I don't really give a shit, but it's also ridiculously unfair for people who paid off their student loans

So just set up your kid to be part of the 1%. No excuse.

low IQ take. lenders take on risk when they lend, it’s their responsibility to evaluate that risk. the issue is that student loans can’t be defaulted on which means lenders gave out money indiscriminately. if you lend your drug addict buddy $100 and never see it again you knew the risks and it’s your fault for being retarded.

This is one point that I haven't been able to find a good refutation for:

WHAT OTHER INDUSTRY CAN YOU TAKE OUT 90K IN DEBT WITH NO INCOME OR HISTORY OF INCOME

dude the worst part is the lender is the government and Navient and these debt-managment companies only manage it and bear no risk but are raking in billions.

debt servicing companies* i think thats the term

It’s unfair for everyone who paid for tuition out of pocket. I want my fucking money back!

It was and still is a shit company.

And the name of that company? It's Wayfair.

How does the govt essentially printing money to cancel this debt not cause inflation?

You lend someone money for feminist dance studies, you lose money. Simple