What money? They aren't being sent $10,000 checks.
Exactly. The only money they'll have is the money they would have been spending on debt payment.
And that's just if their loans are paid in full. Most will just have the life of their loan reduced, while still making the same payments.
Not to mention the increases in taxes they will pay because their annual salaries will be far higher when they have advanced degrees.
OK, I see what you're saying now.
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What money? They aren't being sent $10,000 checks.
Exactly. The only money they'll have is the money they would have been spending on debt payment.
And that's just if their loans are paid in full. Most will just have the life of their loan reduced, while still making the same payments.
Not to mention the increases in taxes they will pay because their annual salaries will be far higher when they have advanced degrees.
OK, I see what you're saying now.