Uncle SLIC’s lingering loans
Student loan forgiveness is nothing but a political bribe
By Greg Maresca —— Bio and Archives--July 20, 2025
American Politics, News | Comments | Back To Full Article
School may be out for the summer, but the Student Loan Industrial Complex (SLIC) chugs along no matter what time of the year it is.
More than 42.5 million owe more than $1.8 trillion in student loans with millions delinquent on their payments. Perhaps their strategy is to wait for all debts to be paid by Uncle Sam who has no business being their SLIC daddy. Eight million of those are enrolled in the Saving on a Valuable Education (SAVE) plan that will start accruing interest again on August 1. Payments will remain paused until September, but the interest-free honeymoon has come to an end.
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