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re: Elizabeth Warren's Answer For Student Loan Debt - Tax Rich People

Posted on 8/25/14 at 8:10 am to
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 8/25/14 at 8:10 am to
I like those proposals.

I am not familiar with forgiveness proposals. Just what Elizabeth warren is proposing on this subject via the article.

I know some people are paying over 10% on student loans. Reasons are either theirs or a reflection of something else(bad economy). The government is profiting off of this and I think that is wrong. Rates should be capped. You should be able to refinance public and private loans together. Just my opinion tho.

With student loan #s(overall loan balance/default rates) going up across the board, I think some relief is needed. The system as it is is not working and it will be broken soon enough.

I don't really mean to antagonize anyone on here. Just wanted to get attention. it seemed to
Me that most of the opinions on here we're very narrow.
This post was edited on 8/25/14 at 8:15 am
Posted by NukemVol
Member since Jan 2010
1645 posts
Posted on 8/25/14 at 9:35 am to
The government isn't making money off of these loans. It's borrowing the money. And then hoping it gets paid back. If they lower the rate, then it's just the public subsidizing stupid degrees. If they were really making money, then rates would be where the private loans are.
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