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Student Loan Interest Rates Double

Lendman: Student loan industry is a racket, students should get the same low-interest loans as banks. See more videos at: //therealnews.com.

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astud10101 commented on 03 Jul 2013
Yea right. The old "free market" nonsense. Regardless the Plutocrats in Wall Street and the Hill keep shipping white collar jobs over seas or in-sourcing with cut rate H1B visa workers that undercut US high tech, high skill jobs to the point of poverty. The free market mentality has only consolidated wealth in the hands of a very few, typically the same ones thought history. Many schools have over payed admin staff, I saw that first hand at my school. Teachers get screwed on salary, typically.
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1namrog commented on 03 Jul 2013
There shouldn't even be federally subsidized student loans in the first place! The higher interest rates become needed because of the government intervention in the higher-ed market! Gov't spending (and therefore taxes) only increase because of this. Since some debts (the student loan debt) will never be paid off by every individual who was given a loan, the gov't is forced into raising interest rates on future loans. If the gov't stopped subsidizing the college industry, tuition would drop!
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1namrog commented on 03 Jul 2013
"Sen. Warren’s (0.75%) proposal should be quickly dismissed as a cheap political gimmick. It proposes only a one-year change to the rate on one kind of federal student loan, confuses market interest rates on long-term loans (such as the 10-year Treasury rate) with the Federal Reserve’s Discount Window (used to make short-term loans to banks), and does not reflect the administrative costs and default risk that increase the costs of the federal student loan program." Brookings May 10 2013
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1namrog commented on 04 Jul 2013
You don't understand. Universities raise tuition because the federally backed loans (subsidies) guarantee that the colleges get the money. Biden even admitted to this as unexpected as it may seem: /watch?v=YD4GuyAzF3Q When the gov't intervenes in the higher-ed market it fosters the growth of the situation you described. The universities and for-profit schools will forever increase tuition because they know they can ring the tax payer dry, and no one in gov't even wants to prevent it!
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wonkytonky commented on 03 Jul 2013
Why does education have to cost anything? . this is a joke.. all books and information is as good as free..; And seriously which student goes to all classes.. ? I spend my days drinking beers having fun .. never went to school.. just did exams . So bottom line: no teacher or school was involved in my learning process . Now i'm a developer consultant for SAP businesses. Not once people asked for my diploma.
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manholewisdom commented on 02 Jul 2013
I wondered why they high schools were making college so available for our kids. So they could be trapped by debt. Surely they know there's not enough jobs available for these kids entering the workforce to pay back they money they loaned them. What are they gonna say ooops... sorry. There is something bigger and more sinister at hand.
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hopsala1 commented on 02 Jul 2013
I can hear many U_SA citizen crying, "free education and free health care is evil communism". For me it seems the U_SA is the only country in the world, where many poor people are for the polytricks of the superrich.
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aviomaster commented on 10 Jul 2013
USA empire spends 30% of entire budget on Military industrial complex and USA military bases abroad. Than they raise interest rates on students. WHY they do not raise interest rates on Military industrial complex.
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mrzack888 commented on 02 Jul 2013
college should be free. govt stop spending so much money on wars and give everybody that academically qualifies for an education free college. also, trade college should be free too to anyone that wants one.
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themanshere74 commented on 02 Jul 2013
THE (310) 349-2700 = Hawthorne, California police dept, SHOT A GUYS DOG DEAD FOR VIDEO RECORDING THE POLICE. IT'S ON RT NEWS.
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uglynoob100 commented on 03 Jul 2013
why the fuck would you go to school and the military industrial complex needs soldiers?
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watersignwater commented on 02 Jul 2013
i agree but ignorant people will be against this and vote republican and democrat
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1namrog commented on 04 Jul 2013
*the situation you described as having first hand knowledge of, that is...
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Frankie Mahovolich commented on 03 Jul 2013
The American Dream - poor need not apply.
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kevendubin commented on 04 Jul 2013
"Literally."
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123gwf commented on 02 Jul 2013
Good stuff.

The Real Deal: Student Loan Interest Rates May Double

ALBANY ???? The interest rates on federal students loans could soon double. If the warning sounds like a deja-vu, it is. Last year, Congress voted on a ...

Student Loan Interest Rates DOUBLE

Are you a college student? Are you taking government subsidized loans? Then you're in trouble. Interest rates for federally subsidized Stafford student loans ...

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Kevin Li commented on 04 Jul 2013
I agree that tuition is ridiculous. The subsidized loans are pretty much the same rates as regular loans nowadays, but you can at least still delay payments. I am working on a teaching credential, but I am still $8,000+ in debt and paying interest on it. In California, the UC system is absurdly expensive compared to the aid they give you and in 2 years, I ended up with $15,000+ in debt and I am just taking whatever work I can find.
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prankzter starr commented on 02 Jul 2013
I think this is crazy. I think the gov is subtly trying to dissuade people from pursuing higher education. Why bother w grad school when the fact is that you can even find a job after that. Think the only sensible way to this is either by escaping America or create your niche. I dun see how this is gonna help in the long run.
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Arctic IceFox commented on 02 Jul 2013
yay for me then, I'm going to culinary school! (I could also go for the science and math stuff, but I have an obsession with food, food cultures, and food history)
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alleycatalog commented on 02 Jul 2013
Many college graduates ARE leaving the country.
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alleycatalog commented on 02 Jul 2013
This country is fucked.

Congress Debates Interest Rates on Student Loans

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Mortgage Rates, Student Loans & The Mobile Wallet | Where the Money Is - July 25 | The Motley Fool

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Student Loan Interest Rates

Channel 12 speaks to Congressman Cicilline about his work to keep student loan interest rates from doubling.
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