Robert Applebaum's Dilemmas Of Forgiving Student Loans

In “Debate on Student Loan Debt Doesn’t Go Far Enough”, Robert Applebaum expresses his concerns when it comes to student loan debt. Applebaum is a graduate of Fordham University of Law who initiated a petition for student loan forgiveness which later was published by The Hill in 2012. Applebaum came up with a proposal of a plan which involved “automatically withdrawing ten percent of the debtor’s income and at 45,000 the loan would be forgiven”. In his essay, Applebaum exclaims that students these days have to mortgage their education because tuition is too expensive due to new stadiums and six-figure administrative salaries. Applebaum believes that student loan forgiveness should be made available to all graduates because a higher education is “a right, not a commodity reserved only for the rich”. Although a majority of the American society find student loan forgiveness to be unrealistic, I believe that forgiveness can provide a well-rounded economic platform for graduate students who have acquired large amounts of debt due to college tuition costs. …show more content…
Worst Idea Ever” to highlight the main points on why forgiving student loans will be harmful to our economy. Wolfer believes that by allowing this debt to be forgiven we will ultimately be hurting the distribution of funds, macroeconomics, and politics. Wolfer proposes the idea that if we are going to give free money away, why not give it to people who really need it such as high school dropouts. In paragraph one, Wolfer thinks that college students “typically have high incomes and enjoy income growth over several decades”. Wolfer explains that if we give money to people who desperately are in need of it we as a nation will get more “bang-for-your-buck”. Lastly, Wolfer makes the assumptions that by targeting college graduates it will divide the two political parties and offer favoritism to on