Reply to Trump will rollback student loan forgiveness

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[quote=Anonymous][quote=Anonymous]I think the thing that needs forgiven in terms of student loans is the interest.

It took me 8-10 years of working after graduation to be in a good financial place to make payments on mine that were more than the minimum monthly payment. I borrowed $27k over 4 years, so relatively low compared to many I know, but when all was said and done, I paid back $46k.

My sister has paid back her original student loan amount of $40k but still owes like $39k because of Interest.

Most people I know aren't averse to paying back what they borrowed. It's the interest that is crippling to them. [/quote]

Loans have interest. Why is this advanced calculus for people?

We already give tax breaks for student loan interest payments.

There is zero incentive to provide loans unless a lender can obtain interest. Credit markets don't exist without interest.  Welcome to adulthood teacups. I'd like a mortgage too with zero interest, lol.  You don't borrow $40k and have the mindset that you paid back your fair share when you paid back $40k.   In what realm of reality is anyone entitled to borrowing other peoples' money for free?  So much delusional entitlement.  You already get tax breaks for it anyway.[/quote]

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