'Bye-Bye, Betsy DeVos. You Won't Be Missed,' Says Sanders....

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16. Yeah! But my penalty wasn't 15 yards -

it was an extra $15k for something that was my college's fault. Went back to school in '96 graduated in 2000 (had retired in '95) but my mother had Alzheimer's, no insurance and hadn't paid her school taxes for 4 years. When they found out, the interest and penalty was high and I had to pay it under Pa law at the time and had to choose saving her house or paying a few months on my loan. They were NOT forgiving! So, technically I defaulted on my student loan by 1 month. That added a $2000 "collection fee plus interest on the collection fee! which had accrued dating back to my application for it. The college said I was responsible. Numerous filings and a court hearing and was told I should have known and was responsible. Had I not paid the back tax my mother would have lost her house. I ended up getting her house after she died and was threatened with PHEAA (the student loan Pa. company) recovering their money by foreclosing on the house. Fortunately, they didn't file in time and couldn't do anything. But the extra penalty resulted in an additional $15000 owed to them and I had to refinance my loan at over 10 percent interest instead of the 4.25!

Would have been nice to have that removed, but since I live in America, gotta take care of the corporations.

Gotta love big business!

But yeah, that money would have gone to businesses in my area and lowered what I pay for health insurance and all THAT BS.

Hope eliminating that burden for students at least helps a lot of them. Too late for me and a load of others.