Here is your HuffPuff/Yahoo brilliance! – Especially since it was in the Money section. They are calling for the Feds to wipe out student loan debt.

This is a Democrat party agenda to transfer the Loan Guarantee money to other programs. Seriously – other than those with debt – who wants to pay taxes to pay for other people’s debt?

Anyway – the story says the push is to pay off $50,000 of Student debt for 43Million people who have student loans. Which are a total of $1.55 Trillion. Wait – do the math – what is 50,000 x 43,000,000? = $2.15 Trillion

So who will the extra money go to? The Answer: 1) Require loans only for Public Schools2) Require Public Schools to have a fixed Tuition for those with Public Loans.

This is how we pay for medical – Insurance companies only pay a fixed rate created by the government. Why not do the same for Education. This means – NO PUBLIC backed loans for Private or Not-for-Profit schools – Only Public Schools. (if the schools want to accept the rate – otherwise students must go to a different school)This is NOT free education at the school of your choice. Everyone with a Loan – must pay the loan. Or – let them go bankrupt – ruin their credit – and let them rebuild.

Presently you cannot Bankrupt a Federally Backed School Loan. (You can however bankrupt a school loan from a bank!)https://www.yahoo.com/…/student-debt-cancellation…