And given that any broad-based forgiveness would cost tens of billions of dollars, all taxpayers - not just by those who have a college degree - would be contributing to the cost of cancellation.
Research has shown that a college degree generally boosts an individual's earnings over their lifetime. 'While some may view this debt forgiveness as a slap in the face to people who were responsible and paid off their student loans, this is a bigger slap in the face to those Americans who never went to college,' Will Bach, a financial advisor based in Ohio, told Yahoo Finance. As the president weighs broad student loan forgiveness, some Americans expressing frustration over a policy they see as unfair.
