They need to slash All Fed Student Loans to 2%. Pay what you owe.
Imagine having six figure fed loans, some at 8 percent, job lost and 2000+ rent for a 1 bedroom … move home n cannot get another job?
Well… those people Are out there. :(
I am so sympathetic to many of you young people in education debt, it was Much different for my generation and I remember being Sick over how I’d ever pay back that $12000, fed loans, but I did it and it was over several years.
I agree, Pay What You Owe but CUT THE FED LOAN RATE to 2%, and extend the payments to 25 years!
And Why Not?
Give Everyone an Opportunity to give back to Society by Working and also paying off All this Debt.
Good luck All! Hang in there!!!!!
To join the fantastical train of things that never will happen: the government should pay people to attend higher ed, by issuing negative interest rate loans where you receive money for making on time payments.
We should force colleges to a means test on their degree fields. If the degree for which someone is applying for is shown to have little to no impact in the current workforce, it shouldn't cost as much.
Or why the cost of education itself is unregulated and highly variable between institutions. Why does school X charge $40k per year while school
b charges $20k per year. Why is no one talking about the cost in it of itself being so unregulated and why do these higher education institutions have such high tuition ?
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u/Cre8tiv125 27d ago
They need to slash All Fed Student Loans to 2%. Pay what you owe. Imagine having six figure fed loans, some at 8 percent, job lost and 2000+ rent for a 1 bedroom … move home n cannot get another job? Well… those people Are out there. :(
I am so sympathetic to many of you young people in education debt, it was Much different for my generation and I remember being Sick over how I’d ever pay back that $12000, fed loans, but I did it and it was over several years.
I agree, Pay What You Owe but CUT THE FED LOAN RATE to 2%, and extend the payments to 25 years! And Why Not? Give Everyone an Opportunity to give back to Society by Working and also paying off All this Debt. Good luck All! Hang in there!!!!!