Except due to the nature of student loans, it's possible an amount equal to the principal has been paid by now. Especially for those who have been paying for a

Except due to the nature of student loans, it's possible an amount equal to the principal has been paid by now. Especially for those who have been paying for a while. Capitalization, deferment, the initial high interest rates, and the focus on "income based repayment" are a recipe for "forever loans". Which would please the lenders to no end. But we don't talk about that when we talk about cancelling student debt. Because doing so points out just how fucked the entire racket is. This is not allowing various companies to essentially seek rent in perpetuity from people. It's putting people's production back into their own hands.