Financial Times: Letter – Biden’s debt write-off plan helps the wrong students

 

Ryan Taylor, MBA student (2021) at Cambridge Judge Business School, is the author of a letter to the Financial Times regarding Biden’s debt write-off plan.

“After graduating, I worked hard and made paying off my student loans my priority. Now I see that people who were in the same situation as me (often in better financial circumstances) but who spent their loan/grant money on parties, luxury accommodation (“boogie dorms”) and spring break trips are being rewarded, and I find it galling. Rewarding them is fiscally irresponsible, and will stoke inflation at a time when the Federal Reserve is struggling to temper surging prices,” Ryan writes.

Read the full article [ft.com]