This is a program that existed for a very long time.
The problem with it is when it was set up, some idiot put the loan companies in charge. And thru intentional incompetence most people didn’t get forgiveness when they should and the interest kept climbing for years.
Biden had us pay the illegally charged interest rather than fight it.
So we drastically overpaid for forgiveness borrowers should have had long ago.
It’s good they finally got it, but so many more could have been forgiven for the same amount of money if we didn’t pay all that extra interest.
John Oliver did an episode on it a couple months ago, maybe last season?
Its really hard to be supportive and praise someone for finally plugging back in grandmas life support after they purposefully unplugged it to charge their headphones.
This is a program that existed for a very long time.
The problem with it is when it was set up, some idiot put the loan companies in charge. And thru intentional incompetence most people didn’t get forgiveness when they should and the interest kept climbing for years.
Biden had us pay the illegally charged interest rather than fight it.
So we drastically overpaid for forgiveness borrowers should have had long ago.
It’s good they finally got it, but so many more could have been forgiven for the same amount of money if we didn’t pay all that extra interest.
John Oliver did an episode on it a couple months ago, maybe last season?
Its really hard to be supportive and praise someone for finally plugging back in grandmas life support after they purposefully unplugged it to charge their headphones.