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Reply to "Canceling $10k of student loan debt is stupid."
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[quote=Anonymous]I borrowed $24k for school. I had Pell Grants. I could have had $20k forgiven. I still owe $3k. I’m not mad. And I don’t think this is going to hurt anyone except the Federal Loan Services who have made a ridiculous amount of interest from these debts. I made consistent payments over a decade. The Pell Grant went away. But my Federal Loans stayed at the same balance for ten years? My husband and I could not make sense of that. We paid off three cars by making regular payments. We saw our mortgage go down. I never could get that student loan to go down until I started making large payments to the principal. I finally got it down to $3k. After 22 years, I say it’s time to forgive. They wouldn’t even count my federal service before 2007? Or my consistent payments until after I was enrolled in REPYE. It’s rigged. [/quote]
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