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Originally Posted by Irace86.2.0
I agree on the COVID stuff, as those are all good points, but to your analogy, while I get your point, I’m for student loan forgiveness of some kind, and I think public college should be free..
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We're in partial agreement, and I'm OK with interest forgiveness or working it off over time in the right field. I'm not OK with blanket forgiveness.
In Georgia, assuming you have the grades and do the work to keep them there, and you live at home, public college is basically tuition free thanks to the Hope Scholarship. There are fees and such but anyone with a part-time job could afford it.
The first thing that needs to be done is to fix the loan program to begin with. "Back in my day" a student loan could not be more than the cost of tuition, room and board minus any financial aid you were receiving, and it went straight to the college, not to you. Any additional funds went back to the lending institution to reduce the loan payment.
At least, that's how the one in my financial package, and those of my friends, worked in the late 1970's.