I'm fine with forgiving interest but it has nothing to do with third-party payment processors. That interest goes to the government.
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Replying to @Noahpinion
Sure, there are two separate points that I conflated in my tweet. -Interest forgiveness as opposed to complete forgiveness given the incredible cost of total forgiveness. -System has generated an immense amount of predatory behavior.
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Replying to @doubtthat11
I'm fine with cracking down on predatory behavior but it in no way is responsible for the student loan crisis, thus is a red herring in the discussion of loan forgiveness. Now, we are done.
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Replying to @Noahpinion
Ok, man. I never said it was responsible for the crisis. I said it was the most objectionable part.
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Replying to @Noahpinion
Yes, definitely the guy asking "what predatory behavior" in a discussion about student loans who holds the high ground.
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Replying to @doubtthat11 @Noahpinion
Seemed to be unnecessarily hostile on Noah’s part but from my vantage point as a person with $100,000 in grad school debt, this is the appeal of the public service loan forgiveness program
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Replying to @SeattleScion @Noahpinion
And interestingly, public loan forgiveness is directly through the department of Ed, not these private servicers. I'm sure you're getting 5 calls a day from some company trying to screw with your repayments. It's a messed up industry.
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Replying to @doubtthat11 @SeattleScion
The government wants its money back!
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Replying to @Noahpinion @doubtthat11
I’m fine with giving them their money back but not at the interest rates I currently pay (between 6 and 7%)
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The govt. wants that 7% from you!
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