'To my knowledge, everyone with student loans voluntarily took them. 'How can we honestly ask people who did not go to college to subsidize the lives of those who did decide to go to college?' Bach added. 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.
