Mitchell Peterson
1 min readSep 2, 2022

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It was a predatory system explicitly built to bury young people in massive amounts of loans that snowballed out of control.

Obv in a normal day-to-day circumstance, I borrow money then I should pay it back. But this was a systemic wrong that is holding back tens of millions and, as a democracy, the maojrity of the nation says that a piece of that debt should be written off just as business loans during covid or bank bailouts in '08 were forgiven.

Most are still going to pay back their loans but are jsut getting a piece forgiven. I recommend looking up horror stories of these loans. People taking $70k for a degree, paying back $85k over fifteen years, and still owing $60k. That is not uncommon. Or 65 year old's getting money taken from their pension because of university debt. It is obsurd.

Thanks for the read and the words, Clariss.

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Mitchell Peterson
Mitchell Peterson

Written by Mitchell Peterson

Freelance writer in his tenth year outside the US. Currently in rural Spain writing the Substack bestseller and soon-to-be book, 18 Uncles.

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