Dear whomever is in charge of the student loan forgiveness program,
I wrote to you a little under a year ago regarding getting the ball rolling on forgiving our past and existing student loans. Since Son Number One was still in high school at the time, we were mainly discussing you guys paying back all of our costs to date, with the housing, food, and transportation of our three students, from preschool through twelfth grade.
I haven’t heard from you guys yet on all of that. Those costs are still piling up over here with his younger brothers, so the sooner the better!
In addition to following up on that enormous bill, I’m writing today about forgiveness of a new student loan I just received. I realize the whole forgiveness program has been in a bit of a start/stop turmoil lately, but I’m confident that when you hear my tale of woe, you’ll be persuaded to do the right thing.
Here’s the situation: Son Number One is starting his freshman year at the University of Nevada, Reno this fall, and his first tuition installment was due this week. I logged into his school account last night to figure out how to make that happen. Imagine my surprise when I was presented with two options to pay – via electronic check, or with my credit card.
“You can pay for college with a credit card?” I asked out loud to no one in particular. Again, imagine my surprise when I investigated further and discovered that not only could I pay with a credit card, but there were no service fees, or convenience fees, or fees of any kind attached to that option.
“You can pay for college with a credit card!” I exclaimed out loud, again to no one in particular, although at that point I actually wished more people were around to share in my happy discovery.
So, guess what I did last night, student loan folks? Yep, I racked up a butt-ton of credit card rewards points when I paid my son’s first college tuition payment with my credit card. Boo-yah!
So, here’s where you guys come in. I now have a relatively small student loan, by national standards, but with an enormously large interest rate. Come next month, those credit card vultures are going to be coming after me for as much as 30.90% APR. Now, I’m not completely up to date on the student loan rules and regulations, but that interest rate seems like it should be criminal.
You can now see my obvious and immediate need for swift student loan forgiveness before this predatory compounding interest, being perpetrated on our nation’s poor, defenseless youth, gets out of hand.
You will be saving this great nation more than 30% per year (compounding!) by jumping on this right away, before my next billing cycle. I know you’ll do the right thing.
And remember, UNR is on the semester system, so we’re going to need swift credit card student loan forgiveness a minimum of twice a year for the next four years.
Thanks in advance!
Yours in forgiveness,
-Smidge
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