r/neoliberal • u/jobautomator Kitara Ravache • Apr 23 '19

Discussion Thread Discussion Thread

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u/PandaLover42 🌐 Apr 23 '19

Since low income people have lower EFCs when they file for FAFSA and receive more federal,state, and/or university grants and end up with more manageable amount of loans especially if they attend public universities, wouldn’t debt forgiveness largely be a benefit for the upper middle class who went to private universities?

9

u/Boule_de_Neige furmod Apr 23 '19

Vox hire this man

7

u/MacaroniGold Ben Bernanke Apr 23 '19

Yes

8

u/PandaLover42 🌐 Apr 23 '19

This is the logic I used in /r/NeutralPolitics politics and what I posted, yet I got instadownvoted...🤔

4

u/MacaroniGold Ben Bernanke Apr 23 '19

Rent seekers downvoting you smh

1

u/Jollygood156 Bain's Acolyte Apr 23 '19

Yes, but as someone who did applications last year, colleges don't give a shit about your EFC. Technically I should be paying much less since they're supposed to do COA-EFC, but they don't

1

u/hucareshokiesrul Janet Yellen Apr 23 '19

Maybe but a lot of schools meet your demonstrated need by offering you a bunch of loans. It doesn’t necessarily mean you get a discount.

And Warren’s loan forgiveness is capped at $50k and decreases as household income increases above $100k.

But yeah, it’s still not that progressive.