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re: I could consider a LIMITED student loan relief program, under one condition: Fix it.

Posted on 7/3/23 at 1:54 pm to
Posted by GeauxGriff
Member since Dec 2022
20 posts
Posted on 7/3/23 at 1:54 pm to
I am not opposed to capping interest rates/eliminating compound interest for federally backed loans. Government programs shouldn't need 5%+ to cover their administrative costs.

You can already deduct up to $2,500 in student loan interest on your taxes though, so it's not as big of an issue for the debtor as one might think at first glance.
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