Comment by rfergie
7 months ago
For most taxes you expect higher earners to pay more but this is not the case with student loans because high earners pay of their loans quickly whereas lower earners end up paying far more in interest.
An actual graduate tax would be far less regressive than the current system
Could also have a minimum duration (for example 3 years) where you pay even if you go over the original loan amount.
That would mean people that get great paying jobs right out of college would pay more than they even borrowed, but it would be justified because the degree would likely have had a big impact if it was so soon after finishing the degree.