@MAC_32 and
@jm192 -- thanks for the responses, I have a lot of stuff I'd like to say but I'm in the middle of some work stuff, will try to return to this later. But just as a quick point of discussion -- why are we spending so much time talking about fairness to the parents when it's the kids who are getting their loans reduced or paid off? Imagine the following hypo:
Kid A and Kid B go to the same school, get the same grades, go to the same college, same major, same grades, everything the same. Kid A's parents pay for her entire tuition and living expenses. Kid B graduates with $50K in loans. Is that "fair" to Kid B? That she should have 50K in loans just because her parents didn't have as much money as Kid A's parents? How is that Kid B's fault?
I'll step out for a bit now but hopefully will return in not too long, I like this discussion.