re: Cancel student debt for nearly everyone?

quote:

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As mentioned on this thread, the issue is the interest rate, particularly for graduate students. 7% for an attorney for a debt that can’t be discharged in bankruptcy is just silly. I’ve paid over $30k towards my loans and my balance is higher today than when I graduated.

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Did you not read the loan agreement? Why aren’t you making a payment that is enough to cover the interest due?

If you’ve paid over $30k @ 7% and haven’t reduced your principal, you took out a shite-ton of loans and received a very poor education in return.

That’s not my problem as a tax payer.