Your point cannot be echoed loud enough on discussions of college prices and debt forgiveness. Instead, the too responses on such articles are always someone ranting about the lunacy of putting yourself $115k in the hole for a Bachelor+Master’s of Social Work only to manage a Home Depot followed by someone else pointing out that people graduating with that much debt are almost all physicians (plus a few lawyers).
Dropouts, by definition, do not have the degree to earn that salary bump. Those who go on about rule of law and the sanctity of contracts or whatever are willfully blind to the point that forgiven or not, those loans to the dropouts aren’t getting repaid.
Heck, you can even see the same thing to a lesser degree for students who do graduate but with a 2.3 GPA (especially if it’s a field that de facto requires a Master’s).
Dropouts, by definition, do not have the degree to earn that salary bump. Those who go on about rule of law and the sanctity of contracts or whatever are willfully blind to the point that forgiven or not, those loans to the dropouts aren’t getting repaid.
Heck, you can even see the same thing to a lesser degree for students who do graduate but with a 2.3 GPA (especially if it’s a field that de facto requires a Master’s).