re: School loan repayment begins Oct 1st. Students are scrambling to set up loan repayment.

I'm going to give a giant F U for equity reasons or equality reasons, or whatever.

Long story short, in 2016 I had a rental property because the sales market was shite for a while, and I did better renting it out while I waited for the market to improve. The great BR flood of 2016 happens, and my property gets 16 inches of water. Not in a flood zone, so no flood insurance. Fed declares a natural disaster, so lets see what programs are available to me. Not my primary residence, so no FEMA grants are available. I'm offered an SBA loan to repair damages and loss of income. 7 year term, good interest rate. Covid comes, and the loan gets put on deferment. I'm thinking fine, covid has cut into some of my income, so this helps. April 2022 comes around and I get a bill from SBA saying it's time to start back making payments. And oh by the way, interest has been accruing on my balance for the past two years.

So, I don't feel bad for students that took out loans to pursue their dreams, and now have to start paying them back over 3 years later with zero interest accrued during that time when nature put a loan on my back and the feds couldn't waive the interest during my deferment period.