To: President Donald Trump
Forgive all "Interest" on Student Loans
n the interest of fairness to all taxpayers instead of forgiving all student loans simply forgive all the interest accrued on these student loans.
Why is this important?
With so many people in default on student loans, I believe people have simply given up because they see it as so daunting and as a situation that's impossible to escape. Despair is what is causing these defaults. When a person makes payments for years and the capital remains unchanged at some point they begin to see it as pointless to continue. Deduct all payments made from the initial capital and restructure each loan to include only the capital to be repaid. This would keep money coming in to fund new loans and give people hope in the possibility to repay the loan.