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Student loans have been in the news, but that’s probably not news to most.
It was the end of the 1960s and the start of the 1970s when I went to college on the GI Bill, part time work, one small scholarship, and student loans.
Student loans were forgiven for those of us who taught in public schools for five years. Each year I sent the necessary documents to the program and at the end of those five years the loan was forgiven.
What a deal! However, there’s more to this story. The IRS considered the forgiveness to be income in kind.
Oh well, we had the loan money when we needed it most.