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WhateverWorks · 36-40
No, but I do believe in complete cost of education reform and the cancellation of all interest debt
Fukfacewillie · 56-60, M
@WhateverWorks Reducing interest is a great way to help and not “wipe away debt.” I guess because it’s not dramatic it’s not explored more.
QuixoticSoul · 41-45, M
@Fukfacewillie That just screws the lenders, and is likely impossible considering the contracts signed.
WhateverWorks · 36-40
@QuixoticSoul most student loans are through Sallie Mae, which has an exorbitantly high interest rate
Fukfacewillie · 56-60, M
@QuixoticSoul Agreed. Private lenders, yes, once the contract is signed, that's that. What could be reformed pretty easily is the type of government loan where interest accrues upon sighing, when the student is still in school, which is then folded into principal upon graduation. That benefits no one.