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No. of Recommendations: 9
<<Going into debt to make investment purchases is how the US runs its economy. The graduates are NOW able to begin to invest in their futures a LOT sooner because they do NOT have massive loan debt to be paid. Their house payments can be larger--so they can OWN their houses sooner (which are bought with....debt [called a "mortgage"--remember?], a point you failed to comprehend). The entire right wing doesn't have a clue because they are forever in debt beyond their ability to ever pay off.>>

So..... going into debt for college is a GOOD thing? Why bail out these people who have just made such smart decisions?

Will they pay more cash to buy a home as a result, or buy a bigger house? I'll bet that new care looks more appealing!

Some, no doubt, will use relief from debt wisely. But I'll bet a good many others will use it to enable greater spending on consumption of various kinds, such as TRAVEL and time off from working for months or years. You know, the things the entitled children of the upper middle class do when they don't have student loan debt hanging over them.

Seattle Pioneer
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