College graduate Steven Cotterill and his wife left grad school 23 years ago with a combined $70,000 in student loan debt. They have made every payment for 23 years, totaling $120,000. Today, they still owe $60,000. Student loans are unlike any loan you have ever gotten for anything. They have predatory lending terms, which is why they're being forgiven. Taxpayers are not on the hook, we've been paid back in spades already.