November 6, 2026 - 9:00 pm

In response to Christopher Owens’ Wednesday letter to the editor on student loans:

Mr. Owen wants the government to retroactively remove the applicable interest rates on student loans and replace them with a 1 percent interest rate until the debt is cured. That 1 percent, he states, will pay for the loan administration fee, which is nonsensical in itself considering pay scales and benefit costs.

The student loan debt is part of the national debt because those funds have been borrowed by the government, for which interest accumulates daily. Retroactive rate forgiveness would in actuality transfer debt interest to the taxpayer, which is me. Not only would the past interest rates be charged to me, but so would all of the interest rates above the 1 percent until the debt is cured.

Perhaps Mr. Owens doesn’t understand this.…