Comments on: Take Action for Real Loan Forgiveness! https://www.jerseysmarts.com/2009/06/21/take-action-for-real-loan-forgiveness/ Joe Palazzolo's Blog Sun, 16 Aug 2009 15:33:08 +0000 hourly 1 https://wordpress.org/?v=6.7.2 By: Repeat: Take Action for Real Student Loan Forgiveness « JerseySmarts.com https://www.jerseysmarts.com/2009/06/21/take-action-for-real-loan-forgiveness/comment-page-1/#comment-4279 Sun, 16 Aug 2009 15:33:08 +0000 http://www.jerseysmarts.com/?p=3489#comment-4279 […] RSS feed for updates on this topic.Powered by WP Greet BoxYou may remember that in June I posted an entry talking about real student loan forgiveness. In that entry, I asked that you contact your Representative in the House to demand that a […]

]]> By: Angie https://www.jerseysmarts.com/2009/06/21/take-action-for-real-loan-forgiveness/comment-page-1/#comment-3983 Mon, 29 Jun 2009 21:39:36 +0000 http://www.jerseysmarts.com/?p=3489#comment-3983 This legislation is dumb in my own opinion. It is only going to encourage people to work less so that more of their loans will be forgiven in the end. It will encourage them to pay the minimum forcing them to pay MORE interest than if they just tried to pay them down. Instead, legislation should be put in place to educate borrowers before taking out loans. Or raise the limits on amounts you can take out through federal student loans. And if they are trying to help those who already have loans, they should offer assistance to those with private student loans. Like lowering the interest rate. That is where the real problem lies: 9% interest rate (if you are lucky) with 40k+ balances.

BTW I left school with >100k student loan debt (no NOT medical or law school).

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