Thank you Senator Casey. Another problem people over look is that when an individual has been paying back their loan for awhile, then suddenly loses a job and has difficulties gaining employment for quite awhile….that student loan accrues interest. A person can literally be paying and paying and then find they are back to Square One with their debt due to hardship. I think this is the WORSE part of this entire debacle. An individual might start out with $30K and over the years accumulate another 25K in interest. This is a BOOT ON YOUR HEAD for the rest of your life. It is NOT freedom.
The U.S. Department of Education is actually making out like a bandit and has absolutely NO INCENTIVE to stop this scam.
Donald Trump has filed for bankruptcy something like 3 or 4 times! Yet, a student in hardship has to PROVE they cannot repay, and FEW ever are discharged from their debts.
Also, when a person reaches retirement with a load of student debt, even if it is finally “written off”, the Government can come after a person’s “estate” after they die.