New law idea: Interest on loans to individuals doesn't get to be compound. Interest only accrues on unpaid principal, not on unpaid interest. Once you have paid off all of the principal (i.e. the money you actually borrowed), interest stops accruing.

Interest would still be compound on loans to corporations; for example, a savings account, which is money that an individual loans to a bank.

#studentloan #studentloans #loan #loans #cancelstudentloans #ForgiveAllStudentLoans #money #bank #banks

Y’ALL!!!!!!

My #studentLoans are forgiven!!!

I long ago gave up hope, but just got my notice!!

This is life changing for me! Predatory lending (and this was definitely predatory) has long fed on me and almost everyone I know. I never thought I’d be out from under this.

#forgiveAllStudentLoans #abolishStudentLoans

Twenty years after making my first payment, I finally paid off my student loan debt today. I paid more in interest than the combined principle. If I hadn’t had home equity, I’d be paying another 10 years.
Many people will be stuck in this forever.

#ForgiveAllStudentLoans