Its not giving money away. Principle payments have been made for twenty years. Only the 9% interest added to the principle is being forgiven. After 20 years, the original principle has been paid.

Forgiving the interest is the right thing to do. After all, baby boomers got the entire loan cancelled in bankruptcy. No one is complaining about THAT! mad

Why? Because those complaining are baby boomers. In typical baby boomer fashion - they are ladder pullers. They got the benefit of loan dissolution through bankruptcy - they want no one else to have the same benefit. Ergo, pulling-up the ladder once the were safely on top. - so that everyone after don't have the same benefit. crazy

We Gen X'ers, Gen Y's, Gen Z's know what you boomers did.

Contrarian, extraordinaire