re: #698 subsailor68

Morning all! Hmm…this is interesting:

Obama Breaks Down Student Loan Overhaul

From the article:

According to the White House, “New borrowers who assume loans after July 1, 2014, will be able to cap their student loan repayments at 10 percent of their discretionary income and, if they keep up with their payments over time, will have the balance forgiven after 20 years.”

What could possibly go wrong?

Heh. Who eats the balance of the ‘forgiven’ loans?