Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
I know so many people that have no issues paying what they borrowed, but at this point, they’ve already paid back the initial amount and still owe more than they initially borrowed and it’s fucking ridiculous.
I would be okay if it were set to a mandatory percentage, like 2%.
It’s federally backed so the risk to lenders is incredibly low. What right do they have to charge some of these new students 9 percent interest on a loan that the government is paying them to give?
Yep, cap education cost if you don’t want to make it free, have the federal government provide zero interest loans if states don’t want to do it, reap the reward of having a more educated population, including better salaries which means more taxes paid which compensates for the zero interest loans.
Just. Zero. The. Interest.
I know so many people that have no issues paying what they borrowed, but at this point, they’ve already paid back the initial amount and still owe more than they initially borrowed and it’s fucking ridiculous.
I would be okay if it were set to a mandatory percentage, like 2%.
It’s federally backed so the risk to lenders is incredibly low. What right do they have to charge some of these new students 9 percent interest on a loan that the government is paying them to give?
Yep, cap education cost if you don’t want to make it free, have the federal government provide zero interest loans if states don’t want to do it, reap the reward of having a more educated population, including better salaries which means more taxes paid which compensates for the zero interest loans.
The real problem is that they don’t want a more educated population.