Editor's notebook
DISCUSSION: Politicians Hold Student Loan Intrest Rates Hostage
What do student loan interest rates have to do with wellness programs, social security and medicare taxes, and corporations? A lot apparently...and the politics over this one comes with a cost.
While the Republicans and the Democrats scrap over student loan interest rates, the real problem is ignored. Who should pay? But full disclosure here: I’m paying on a student loan from grad school, my stepdaughter is in college and paying on a student loan, and my daughter will likely be taking on debt to pay for her education. So these student loan discussions hit home for us. Currently Stafford Loan students pay 3.4 percent, but the interest rate is set to increase to 6.8 percent in July. If the loan rate doubles this summer, it would cost 7.4 million Stafford loan recipients an average $1,000, according to the administration, according to a story in the Journal Sentinel today. But the solutions Democrats and Republicans have come up …
Chris
7:28 pm on Thursday, April 26, 2012
Too many people going to college thinking it is job training, when in reality it is EDUCATION. Too many jobs listing a bachelors degree as a pre-requisite when a degree has no actual benefit to the said job. Throw in a loose money supply so "everyone can go to college" spells a recipe for disaster. more ›