General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhite House petition to lower student loan interest rate.
I personally think they should also make them able to be discharged in bankruptcy, but one battle at at time. Link:
https://petitions.whitehouse.gov/petition/lower-interest-rates-federal-student-loans/LG93ylqJ
Here is the article mentioned: http://www.huffingtonpost.com/2013/04/09/student-loan-rates-debt-economy_n_3048216.html
patrice
(47,992 posts)white_wolf
(6,238 posts)I think the next battle should be a grace period. There is no reason to make the debt accrue interest while you are in school. Give people a chance to earn some money before you start adding on the interest.
Art_from_Ark
(27,247 posts)That really sucks. When I got my NDSL (National Direct Student Loan), the interest rate was 3%-- and it did not start to kick in until I had been out of school for 9 months.
white_wolf
(6,238 posts)Art_from_Ark
(27,247 posts)And on top of that, tuition rates have increased dramatically since I was in college. I feel so sorry for you guys (and gals) who have to have that albatross strung around your neck.
patrice
(47,992 posts)sense.
We really ought to just fund the education at least the same way that military is a given funding without question.
Ilsa
(61,695 posts)reformist2
(9,841 posts)white_wolf
(6,238 posts)The government should force tuition down to reasonable rates for public schools anyway. The organizations that govern professionals schools should as well (I'm looking at you ABA)