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Posted on 10/9/11 at 10:27 pm to bulldog95
Not to say that we shouldn't have to repay loans, but interest rates of 6.8 to 7.9% on graduate loans is a little ridiculous. Home loans are half that rate.
Government is also getting rid of subsidized loans (there way of helping balance the budget)
My brother's rates are something extremely low, like 2%. That makes it much easier to not complain.
Government is also getting rid of subsidized loans (there way of helping balance the budget)
My brother's rates are something extremely low, like 2%. That makes it much easier to not complain.
Posted on 10/10/11 at 2:19 pm to lsutigers11
No way should these loans be forgiven! You go to school knowing what the cost will be and knowing how easy/difficult it will be to get a job when you graduate. If you graduate with a good gpa in a high deman major, you WILL get a job.
Posted on 10/10/11 at 4:12 pm to mpar98
Hell no, pay them back, no one said it was free money, although I would say 7-8% interest on non-dischargeable debt in this rate environment is a joke, but so would a 6% 30-yr mortgage if someone could not refi due to whatever reasons.
The educational industry should really evaluate their sector to better understand what is driving grossly inflated college costs. Student loans are obviously funding a large chunk of it, which in turn, vastly increases the number of college applicants and facilities/services needed. What did students do prior to borrowing vast sums of money to enroll? They got schollies, jobs, apprenticed/interned, used family money, etc.
The educational industry should really evaluate their sector to better understand what is driving grossly inflated college costs. Student loans are obviously funding a large chunk of it, which in turn, vastly increases the number of college applicants and facilities/services needed. What did students do prior to borrowing vast sums of money to enroll? They got schollies, jobs, apprenticed/interned, used family money, etc.
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