Three young women popping champagne to celebrate their recent graduation
Wheeeeee! Debt!

Student Debt Forgiveness Is Good For Everyone — Even You

Why do people get so mad that about loan forgiveness that doesn’t impact them?

Hanna Brooks Olsen
9 min readDec 2, 2020

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So you recently heard about the idea of student debt forgiveness and your first reaction was something like disgust, or maybe indignation. You heard that today’s students were just going to be let off the hook like the entitled babies that they are, never having to learn to be responsible. Pfft! You paid your debt! Why can’t they do the same?

To which I would ask, my dude: Why do you care?

But let’s talk about it.

When I was 17 years old, I voluntarily stepped into something like $75k in student debt, which might as well have been seven billion Stanley Nickels because it was an absolutely meaningless amount of money.

Not because I ~didn’t know the value of a dollar~ or whatever horseshit you’re going to assume. I have been working since I was 12 years old, thanks, and at that time was pulling down 6-hour shifts at a coffee shop after school.

No, it was meaningless because I’m pretty sure no one in my family had ever seen that kind of money. Because here’s something that I think folks with money don’t really fully understand: When you’ve never had money, large sums of it might as well be made…

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