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A comment on President Trump says that he’s waiving interest on federal student loans. Parent comment

Re:President Trump says that he’s waiving interest on federa... by t-writescode on Saturday March 14, 2020 @03:19AM (#22573739)
The common rate for my mom's student loans are nearly 7%.

So are mine (edit: mine are 6.5%), but she has something like 140k in student loans, and I only had about 30k... so I've nearly paid mine off, she will never probably pay hers off.

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Re:President Trump says that he’s waiving interest on federa... by specialist on Saturday March 14, 2020 @09:38AM (#22575188)
That's debt bondage.

David Graeber's book Debt: The First 5000 Years has historical accounts of what happens when debt gets out of proportion.

Also, among the things I learned from Michael Lewis's Against The Rules podcast, which has an episode on student loans, that our modern consumer financing was enabled by overturning the historical ban on usury debt.

https://atrpodcast.com/episodes/the-seven-minute-rule-s1!1c9...

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