(02-08-2021, 02:38 PM)HURRICANE!!! Wrote: Here's one.  

Usually parents co-sign on student loans.  We can start the process by excluding any forgiveness in which 1 or 2 parents co-signed on the loan.  That would probably take out more than half of the student loan population.

We could then add other exclusions until there's only 3 or 4 people that qualify; hopefully 1 Caucasian person, 1 African American person, 1 Hispanic, and 1 Asian ... of the 4 we could also include 1 male, 1 female, one transgender, and one person that is gay or lesbian.  Then we can state we passed the Loan Forgiveness Policy and even did it with total equality.

That is the Parental Plus student loan... There are 4 types of student loans. Subsidized, Non Subsidized, Parental Plus, and Private...The Parental Plus is the only one that needs a parent to sign for as payments are sent directly to the parent. They are meant to supplement expenses not covered or in excess the other types of loans

"How Do Parent PLUS Loans Work?

When families fill out the FAFSA, one of the options offered for funding are Parent PLUS loans. These loans are meant to supplement school, state, and other federal financial aid offered. Filling out the FAFSA is the first step. A credit assessment is performed to determine any late payments and recent defaults." https://www.salliemae.com/blog/what-is-a...plus-loan/

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