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As someone who has is currently enjoying the pause (on PLUS loans for my daughters' college- on a side note whatever happened to college being the parents' resp
by panzagl 3y ago
As someone who has is currently enjoying the pause (on PLUS loans for my daughters' college- on a side note whatever happened to college being the parents' responsibility) the ideal solution to me is to resume payments with either no interest or relatively low interest (the rate was 7-8% even when credit was cheap). That way the loans are being paid back, but the students are not immediately burdened with crushing debt payments (basically the equivalent of a pretty low car payment).
This seems so blindingly obvious to me that I'm really worried I've become totally disconnected from reality that no one else has floated the idea.
- D13Fd 3y agoThat's just partial loan forgiveness - forgiving the interest but not the underlying debt.