[sehutson]

Every time I see this, I get a little sick thinking about the ~$100k in loans I accumulated getting a BA at University of Chicago and Wash U in St. Louis (I transferred). I got some merit scholarships and a good amount of grant aid, but policies like this starting going into effect not long after I graduated. Based on the current policies at Wash U, I would have paid nothing :/

[ryanSrich]

I honestly had no idea this existed. I feel like a fool now that I spent over $70k at RIT. Which, don't get me wrong, is a great school...but I could have went to Standford for free?...that's pretty crazy to me. I really really really wish I knew about this before.

[derekp7]

I have a feeling that the reason some of these policies are going into effect (or getting expanded) is due to the increased dialog about rising tuition costs. They'd rather make it affordable for those who need the aid, so they can keep on getting the high tuition from those who can afford it. That way, they avoid any legislative action that would crush their money making machine.

[sehutson]

Yeah, I understand why they're doing it, and I think it's great since you can't really expect kids who grew up poor to have that kind of money at 17 or 18. If you're coming out of a sub-par school system and you spent your childhood constantly worried about money issues, you're doing well just to qualify for those kinds of schools.

I just wish there would have been SOME kind of retroactive forgiveness for those of us who were well below the family income threshold but were born just a couple years too soon. Don't get me wrong, I understood the implications of taking out huge loans and I'm doing pretty well now (finally making progress on the loans) - but it kills me to think I could have had the same education without the crushing debt.

[hashmymustache]

Yea, hopefully there will be more education loan forgiveness opportunities in the future. I'm ~$160k deep on school loans. Yay US education system!