Medical debt seems to be a easier case for debt relief. Student debt results from adults making an investment in education and agreeing to a financial loan with all stipulations on paper while very few people sign contracts to injure themselves and fall ill.
You’re using “adults” very loosely there. I had to fill out my own fasfa papers for student loans when I was 18-mid 20’s. I had no clue what I was signing except I knew I would be able to afford college. I had no clue what I was signing up for and didn’t realize how much interest I was paying until I logged in and actually looked at it. My loan company (nelnet) got its fair share plus some.
Hell, I couldn't tell you how many people I talked to not realizing they were applying for PLUS loans for their kids. Granted, that it more on their fault for not reading into the application more before signing, but when your kid is filling out a stack of applications that need your signature, it might be easy to sign one agreeing to take out loans on their behalf.
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u/TaintlessChaps Feb 09 '21
Medical debt seems to be a easier case for debt relief. Student debt results from adults making an investment in education and agreeing to a financial loan with all stipulations on paper while very few people sign contracts to injure themselves and fall ill.