RE: As to point 1, it's impossible to know if student loans
Posted on: July 23, 2019 at 12:23:14 CT
meatiger MU
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I am not sure who holds the note today..It used to be the bank, but I heard it is not the government...it may vary based on type of loan.
I thought within the proposal, the debt would be paid off by a special wealth tax, so the debt to the lenders is not canceled..just to the borrower.
I am not sure.
I just offered a few suggestions...as alternatives...although getting government out is the best alternative..I know that won't happen.
I know the student loans I had were from a local bank, and basically the interest rates were at or slightly below a mortgage rate.