One of the worst parts about this situation is the difficulty in investing from abroad. Can't buy US ETFs/Mutual funds because they don't report properly abroad and can't buy foreign ETFs/Mutual funds because they don't want to report to US. This is a totally unnecessary financial burden on US Expats.
Apparently she wasn't paying taxes (to the US) anyways.
It's like, you took almost half a mil in debt to go to a PRIVATE SCHOOL to get a degree that you would have no hope of ever using to pay back your _crippling debt_. Student load debt is a real problem in USA..but that's not it.
I think the issues are pretty simple; if you are a US citizen but living and working in another country permanently with no US local income, she found the impact of FACTA and tax reporting obligations to be too expensive and or pain-in-the-butt to make it worth keeping her US citizenship.
There are very real impacts and constraints on ex-pats in this situation; whether or not they are worth it to you is a personal evaluation I suppose.
This is nothing like the schoold debt issue you describe.
She wanted to still be an American, but didn't want to do the yearly paperwork to keep her citizenship.
Got it.