Student loan debt forgiveness

My son works for a guy who owns a medium sized company (Electrician) and he was saying he took out a hundred thousand dollar loan to buy a few trucks and expand his business, he is still paying the loan off and thinks it would be awesome if his loan was forgiven. He didn't go to college so he has no student debt, but he still has debt... what do you think?

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Quetzalcoatlus · 46-50, M

In order for a business owner to get 100k loan the bank needs proof of collateral and a solid business plan. 18 yr olds are preyed upon by legal loan sharks who convince them to sign contracts they don’t understand. It’s fraud…

FreeSpirit1 · F

@Quetzalcoatlus

About 92 percent of all outstanding student debt is owed to the federal government, with private financial institutions lending the remaining 8 percent.

The Federal Government is involved in fraud? Say it ain't so.

Quetzalcoatlus · 46-50, M

@FreeSpirit1 Yep! The student loan lobby is in deeeep! Those "federal" loans are all managed by private companies. They jack up those rates the 1st chance they get.