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marketwatch4 karma

This obviously depends on the country, but I’ll highlight a few differences. In many European countries (perhaps most famously Germany), the government subsidizes college at levels that are much higher than in the U.S., allowing students to go for free or at a very low cost. In these countries, the college experience maybe a bit more bare bones than what we’re used to here.

Other countries use a student loan system like the U.S., but it can have different features. For example, in Australia, borrowers pay back their loans as a percentage of their income that’s automatically deducted from their wages, like a payroll tax here.

marketwatch4 karma

Borrowers who are in default on their student loan can get out of default in two main ways: through consolidating their debt into a new loan that they repay or to rehabilitate the loan, involves making nine on time payments in a period of 10 months. These payments can be tied to your income.

As for student loan lawyers, a lot of times if you contact your local bar association, they have recommendations for attorneys that work on student debt. In addition, Legal Aid and other organizations that serve low-income clients often work on student loan issues.

marketwatch3 karma

This is an interesting idea and there has been lots of controversy over the ways universities use endowments, particularly after the pandemic when students were sent home, but tuition still stayed the same.

In the past, some lawmakers have proposed taxing university endowments differently to encourage schools to spend them in ways that support students or lower tuition.

marketwatch3 karma

As discussed in the previous question, the question of fairness to those who have already paid off their loans is probably one of the more thornier issues in the student debt cancellation debate. Polling indicates that there’s support for the idea of cancelling student debt even among some who already paid off their loans. But of course there’s a wide range of views on this issue and the question of fairness of a given policy can be a sticky and subjective one. I’d point you to the article I included in the above reply for a sense of how advocates and critics of student debt cancellation are thinking about this question!

marketwatch2 karma

I assume this is in reference to student debt cancellation. Many of the proposals on the table do include graduate student debt, though some have income caps (so borrowers making over a certain amount of money wouldn't be eligible or wouldn't be eligible for the full amount of forgiveness).