I am glad this measure exists for the disabled Americans being shaken down to pay down loans they cannot pay or have dissolved in bankruptcy.
However, as a professional with student loans, I will be furious until the day I pay off my final loan at the 6.55% I am paying. I could get a car for cheaper. And it is doubly ridiculous that federal loans can be farmed out to private companies, which, spoiler alert, exist to make profits, not an educated workforce!
As much as I would love to stop paying $300 every month (and every tax refund till 2020), I am not that distressed about paying back an expensive and lucrative education. However, the use of private companies charging usurious rates is simply wrong.
However, as a professional with student loans, I will be furious until the day I pay off my final loan at the 6.55% I am paying. I could get a car for cheaper. And it is doubly ridiculous that federal loans can be farmed out to private companies, which, spoiler alert, exist to make profits, not an educated workforce!
As much as I would love to stop paying $300 every month (and every tax refund till 2020), I am not that distressed about paying back an expensive and lucrative education. However, the use of private companies charging usurious rates is simply wrong.