From what I understand it is only for loans originating after 2008 and not in default. Little help here.
Regardless of whether the program has some limits, it still really sucks.
I hadn’t heard about this until I was talking with a couple guys about it yesterday who were really very upset. This issue hits home because you’ve got millions of Americans who worked hard to put themselves through college and if they used student loans, paid them back on schedule.
Now you have some OWS protesters show up and Obama starts playing Hugo Chavez and puts in rules forgiving much of the debt.
The whole thing is just a horrible mess. The more the word gets out on this “program” the better for our side.