Student loan debt

[Traildogbob]

7. My biggest issue

Is the loan companies that are outright scamming the students.
One student was sent a payment coupon for 7+ years at one penny below the payment. And after all those years she had a balance the same as the beginning. The loan company negated each payment because it was below the required payment. She has been fighting this fraudulence for 3 years with the courts siding with the loan agency.
That was just one of many of the scams Oliver was pointing out.
No one should be paying 30 years with only 1/4 of the balance being paid down.
The scans and absurd interest rates need to be fixed, and prosecute the outright theft.
Just watch John’s show and see the details of the people being abused. Not asking for get out of the loan for free, but make the loan companies abide by reasonable rules,