Comments on: Republican Bill Would End Federal Student Loan Relief https://studentloansherpa.com/republican-bill-would-end-federal-student-loan-relief/ Expert Guidance From Personal Experience Tue, 17 May 2022 17:59:03 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: amy dunn https://studentloansherpa.com/republican-bill-would-end-federal-student-loan-relief/comment-page-1/#comment-7411 Tue, 17 May 2022 17:59:03 +0000 https://studentloansherpa.com/?p=15149#comment-7411 Dear Senator,

I am the parent of a student. I borrowed for him to go to college. The only path in his school district was college prep. The whole time he was in the “system” it was, if you don’t go to college, you are a loser. If you child doesn’t go to college you are a loser parent.

Now media, even liberal media are not supporting student loan relief. i have no issue paying back what I borrowed – but the loan is structured where interest is collected up front. You can pay for 10 years and your principal barely goes down.

Why can’t the interest, past, present and future be forgiven? Will not cost taxpayers! Why do the banks and US GOVT feel ok to profit off of students? I am in the middle of the middle class – I made too much money for assistance, but not enough, not even close for college and retirement.

Now media is making it out that Millenials and Gen Z are loser cry babies. Why do they think it is ok for the Govt, to take tax payer money, give to banks to distribute, and banks make more money over the life of the loan than the student borrowed (or in my case, parent borrowed?).

All we hear are now is, go to trade school after they preached, especially Democrats, to go to college.

Guess what? Students take out student loans to go to trade schools. The cost to get an aircraft mechanic license, auto mechanic license, X-Ray tech, Radiotherapy, welding, and electrician, is as expensive as any state college in the US! What planet are people on?

Govt lets businesses default on retirement programs and bailout with taxpayer money, but they will not allow people to go bankrupt on student loans.

The profiteering by Govt and Banks on its citizens is just gross. I am so discouraged.

I am so frustrated.

Thanks for listening,

Amy

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