Reply to Student loan forgiveness has made me even more distant from my father

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[quote=Anonymous]OP is actually a good example of why student loan forgiveness is a thing. She was an extremely poor credit risk: someone who borrowed money she could not afford and then did not finish the degree and therefore did not get the higher paying job that would have allowed her to easily pay off the low five figure loan. She should possibly not have qualified for the loan to begin with, but was allowed to borrow, probably for exorbitant tuition at an interest rate she could not afford, on which the lenders has likely collected a great deal of interest without making much of a dent in the principal. This is the kind of loan shark tactic for which the current government is holding itself accountable even though it was enacted by prior administrations. It’s giving people like this a fresh start, which I’m okay with as most of them did not realize how screwed they were from the get go. And a great many of them have paid the value of the loan over again already in interest.[/quote]

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