Meet a man with $47,000 in student debt who's been trapped in a student-loan repayment 'bureaucracy nightmare' for nearly 3 decades without the debt cancellation he was promised
In 1995, Jason Harmon graduated from the University of Arkansas with $26,000 in student debt, and he enrolled in a 25-year income-driven repayment plan.
"We are literally crushed by this debt," Harmon, 53, told Insider."This loan's never going away. We could have no vehicles, we could have a rental instead of a mortgage, we could cut most things out of our life, and we still wouldn't touch the debt we have." He said he just wanted the loan forgiveness he signed up for so he and his wife — whose income they mainly rely on — wouldn't have monthly bills hanging over their heads for the foreseeable future.
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