The problem is the govt has been gouging students on interest rates since the republicans decided to peg interest rates at 6.8%. The jacking up of interest rates on student loans is what has caused the record number of student loan defaults. You can spout on and on about student loans this and that. Anyone with student loans prior to 2005 has dirt cheap interest rates. People from 2006-2009, have double to triple some of the lowest rates that people were recieving prior to 2005/2006. The govt shouldnt be trying to make large profits off the backs of students. I don't support student loan forgiveness. But I do support retroactively changing the interest rates on all govt backed student loans taken out since 2005/2006 to 3.4% or back to the old system of determining interest rate.Okay, he should have stopped while he's ahead. No one, not even Bill, is going to convince undecided and independent voters that Obamacare is anything but a shit sandwich. The pandering on student loans is a turn-off too - if you borrow money to study underwater basket weaving, you need to pay that shit back and not have Uncle Sam mark down your debt because you can't find a job above minimum wage.
Wrong. It caps payments and forgives the outstanding balance after 20 years. This is a huge government subsidy to universities and a complete giveaway to students in bullshit majors. I doubt that many will even cover the interest on their loans under this plan much less pay a penny of principal.Glenn, the government doesnt mark down your debt on your student loans..actually, if you fail to make the payments, your interest rates go up. However, if you pay on time consistently, they actually lower the rate a little bit for having a good record.
I know because Im paying off my $20,000 in student loans.
Also, I definitely didnt major in Underwater Basket Weaving. I actually did something meaningful and I am working on my Certifications now. I am excited to join the workforce and make more money!
That Republican attitude is what is destroying the Country.What was all the BS about sharing?
Like rich people "sharing" their wealth with poor people?
Anyone here want to share their money with me? Their car? Their house? I can send my PayPal address. Please share!
Sounds good to me. All those not playing (on welfare, unemployment, etc) should GTFO. We already have way too many benchwarming scrubs.That Republican attitude is what is destroying the Country.
A Country is a TEAM. There is no I in TEAM.
If you don't want to play you are FREE to leave, please do.