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

Not to mention that my interest with a federal gov loan was 6.5 and 8.5% when prime was zero for nearly the whole repayment period...

I understand admin costs but the Fed govt is borrowing from itself and charging an extremely inflated interest rates. There's no way to refinance without losing the potential for forgiveness and forbearance etc.

An easy solution is to have the fed refinance the loans as you progress in repayment, so that you end up paying the original costs of the loan plus some nominal interest rate or something just over prime averaged over the repayment time frame.