Um… That’s Not a Loan

It’s welfare.

Starting this week, anyone with a federal student loan can apply for a program, run by the Department of Education, that caps monthly payments based on income, and forgives remaining balances after 25 years. Those choosing to work in public service could have their loans forgiven after just 10 years.

Golly, I guess I shouldn’t have paid off my college loans so early.  I could have saved a few bucks.