re: John Oliver Goes Hard on Student Loans Forgiveness: LSU and LA College Funding Addressed

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This is exactly what is happening though. When I first started paying, the payment amount was less than the interest and they would just add the remaining to principle. I didn't make enough to pay more at the time, so until I got approved for a repayment plan, I had to just accept it.
The video was spot on and not an exaggeration at all on how ridiculous the student loans, repayments, approval/review times, stupidity of the services, etc.
Outright forgiveness isn’t going to happen, and it shouldn't, so those acting like it is can relax. The problem is not the borrowers (some definitely need more education on loans), it's the bloated cost of education and the fact that loans can be obtained for anything (there's no difference or value given to one degree vs another). Also, it seems like many jobs are getting in on the scam eith universities and requiring a degree for something that doesn't need a degree.

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I pretty much addressed all of this. Even stated capitalized interest needs to stop. Even if it does, college student loan borrowers need to get themselves educated on how loans work. The information is out there and it is easy to come by, so there's no reason for not knowing how loans work.

I will add that while I wish it weren't so and think that they should, financial entities (universities, banks, car dealerships, cell phone companies, etc...) will only inform as much as they deem they have to and then it's on the consumer to ask for the rest or read all the details or figure it out on their own. That's something that needs to stop. There's zero reason why they can't sit these kids down and really give a good rundown of what their decision entails based on the financing required the and the job they will qualify for. Instead we get what amounts to "it's not my fault you didn't know better or didn't ask or didnt' read."