That's not very fair is it? Why should the taxpayer subsidize the interest rate over the bad decisions that we made? Why should I and everyone here subsidize the interest rate of some students six figure loan because he/she decided to go to ERAU for Aero Science or some private school to learn Art History when, especially these days, you knew that it would not be financially sound.

In the end, you read the loan contract, you knew the interest rate, you knew the payment size, you signed it anyway.

Pay up.