@britvulcan Yep. Student loans don't survive the borrower, but their impact on the borrower's accumulation of wealth (home equity, etc) sure do.
Ah, I misunderstood what you meant by generational debt. And I totally get you on the burden. Jalan has over 250k in student loans. We will be paying them for her entire life. And lucky if we can ever buy a house.
Interestingly my dad managed to get his dismissed in federal court (pro se/sans lawyer even) by showing he could never pay them off. Might be worth a shot. But honestly I think advocating our national reps to just forgive these debts and fund education is a better long term play.
@britvulcan Yeah. There's a forgiveness scheme in the income-contingent repayment plans after a certain number of years, but even assuming those survive DeVos, I *think* the forgiven amount is taxable income that year. Gah.
I should have written "dismiss/discharge " since I don't think it's remotely fair for the taxes on these loan forgiveness plans to be a thing
In our case, most of the forgiven amount will be capitalized interest from when she was not making enough money to make payments on the loan. Gah.
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