Biden Administration's Student Loan Debt Plan Masterthread

[ifomonay]

I think the way to solve the problem is just to have borrowers pay 5% of their income every month until it's paid off or they die. They should get rid of forbearance and deferments. A person should be able to budget to 95% of their total income. If you make no income, you pay nothing. 5% of zero is zero. That way every borrower must pay back something if they earn any money.