Interest rates were jacked up on the more well to do students in exchange for paying for the low income and public service forgiveness in the future. The problem is that so many low income students are piling up so much debt that the system will collapse if they forgive what they promised. The whole student lending scheme is a Ponzi Scheme. The system cannot work if their on no control costs on the college with unlimited federal subsidies and no strings lending. The only people who are benefiting are the colleges and full time tenured professors and administrators.

Interest rates were jacked up on the more well to do students in exchange for paying for the low income and public service forgiveness in the future. The problem is that so many low income students are piling up so much debt that the system will collapse if they forgive what they promised. The whole student lending scheme is a Ponzi Scheme. The only people who are benefiting are the colleges and full time tenured professors and administrators.

Interest rates were jacked up on the more well to do students in exchange for paying for the low income and public service forgiveness in the future. The problem is that so many low income students are piling up so much debt that the system will collapse if they forgive what they promised. The whole student lending scheme is a Ponzi Scheme. The only people who are benefiting are the colleges and full time tenured professors and administrators.

Interest rates were jacked up on the more well to do students in exchange for paying for the low income and public service forgiveness in the future. The problem is that so many low income students are piling up so much debt that the system will collapse if they forgive what they promised. The whole student lending scheme is a Ponzi Scheme. The only people who are benefiting are the colleges and full time tenured professors and administrators.