LogFAQs > #964743263

RchHomieQuanChi posted...

So if you acknowledge that the loans are predatory, why shouldn't we offer debt relief to the kids that took them under the guidance of their parents, teachers, counselors, college recruiters and everyone else that told them it was a good deal?

I covered that in my original post. I'll quote it for you. See below.

TentacleDemon posted...

I do however support new regulations making those loans less predatory, with far more reasonable terms and making those changes retroactive to everyone who still has outstanding student loans.

The problem with student loans isn't that they exist. It's the terms that these companies are allowed to offer. The fact that the high interest rates can just keep piling up making it near impossible for some people to get out from under them. Fixing the interest rate issues would be debt relief. It would make a huge impact on those who are struggling with their loans.