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by senttoschool 1074 days ago
>These are people who have been making payments for 20-25 year and they are still not done paying somehow.

Sorry, I don't have any sympathy for these people. After I graduated from college, I moved back with my parents, worked my butt off for 3 years, saved every single penny and paid off all my loans.

I had a ton of friends from college to went on expensive vacations, rented their own apartments, while having the same loans as me. Some of them went to vacations using college loans while attending school.

Is it fair to the people who sacrificed in order to pay their college loans off while some others get their loans forgiven by tax payers (also me)?

This isn't about democrats vs republicans or red vs blue. I've voted for blue most of my life. This just purely about fairness.

1 comments

At large, this isn't a set of people to worry about sympathizing with. This is a set of loans that were never going to reach maturity. Chasing the money would have almost certainly been more expensive than writing it off.

Should we be giving out fewer loans? Almost certainly. But don't fool yourself into thinking that they were all collectible.

And definitely don't fool yourself by looking at a handful of anecdotes of people abusing the system. At large, I've seen too many of these accusations fall silly flat. Is a bit like the medicare queens nonsense that got people to believe that folks are milking medicare. Most of those stories are not credible. To an almost criminal level.