Do you agree with this Statement?

[ClosedCaption]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

 

[martybegan]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

Those low interest rates are for very short term loans, and are paid back 100% of the time.

If you could figure out a student loan system where it is paid off within days, and also guarnantee 100% payback, you MAY have a point.

Until then, you are comparing apples and nails.

 

[syrenn]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

cant pay your student loan.. or just pissed off that you have to pay your student loan?

 

[TemplarKormac]

No. I don't.

END THE FED!!!!!

 

[ClosedCaption]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

cant pay your student loan.. or just pissed off that you have to pay your student loan?

Kitty got claws

 

[Pop23]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

Will just give Universities more reason to raise their rates.

 

[ClosedCaption]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

Will just give Universities more reason to raise their rates.

They've actually realized they cant continue to raise fees all willy nilly...I saw an article in the Journal about it

 

[Pop23]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

Will just give Universities more reason to raise their rates.

They've actually realized they cant continue to raise fees all willy nilly...I saw an article in the Journal about it

Your just giving them a reason to. Part of the reason the decided they can't is the interest rate. Lower the rate and watch tuition and other costs go up. That's how things work.

 

[ClosedCaption]

Will just give Universities more reason to raise their rates.

They've actually realized they cant continue to raise fees all willy nilly...I saw an article in the Journal about it

Your just giving them a reason to. Part of the reason the decided they can't is the interest rate. Lower the rate and watch tuition and other costs go up. That's how things work.

Really? you think there is a reason for raising fees that doesn't involve getting more money. They've raised fees every year since god knows and it wasn't because of the interest rate either

 

[DiamondDave]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

No

The government should not be involved in student loans at all.. not as a lender.. not to dictate to others to lend.. not to back loans... not to facilitate interest rates... nothing of the sort....

You want a loan for school, get it yourself like you get a loan for a car, a loan for a house, a loan for a purchase, or whatever else

 

[ClosedCaption]

Thanks Dave for once again bringing the brain turd

 

[OriginalShroom]

The Government needs to get out of the Student Loan business.

That is one of the biggest reasons for the bloat in cost of Schooling.

 

[DiamondDave]

Thanks Dave for once again bringing the brain turd

Uh huh.. because it is constitutionally charged to the fed WHERE to be your personal loan master??

Hell.. why stop at college?? Why not stripper school?? Why not race car driving school?? Someone I am SURE wants those professions and needs the education to do it

Government has no business at ALL in the personal loan game

troll

 

[Connery]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

This is not a great idea at all. "According to the Consumer Financial Protection Bureau, student loan debt has eclipsed credit-card debt and now stands at more than $1 trillion. As Bloomberg reported yesterday, a group of advisers to the Federal Reserve recently warned that student loan debt has “parallels to the housing crisis.” Professional students will have a "field day" and there will be more. The debt incurred will be staggering and not paid back this does not serve the purpose of education nor the students who seek to be trained for the job market.

Should Students Pay the Same Interest Rate as Goldman Sachs? - Businessweek

 

[iamwhatiseem]

The no interest loans are simply the taxpayers bankrolling profits for the central banks...yes they are paid back, at no profit to the taxpayers.
But these loans pale in comparison to the Fed and this administration buying toxic assets and bond buying to the tune of $85 BILLION...per month to pump up Wall Street. $85,000,000,000 per MONTH.

 

[Pop23]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

This is not a great idea at all. "According to the Consumer Financial Protection Bureau, student loan debt has eclipsed credit-card debt and now stands at more than $1 trillion. As Bloomberg reported yesterday, a group of advisers to the Federal Reserve recently warned that student loan debt has “parallels to the housing crisis.” Professional students will have a "field day" and there will be more. The debt incurred will be staggering and not paid back this does not serve the purpose of education nor the students who seek to be trained for the job market.

Should Students Pay the Same Interest Rate as Goldman Sachs? - Businessweek

All excellent points. One way to defer repayment is to enroll in more schooling. People keep doing this, borrowing more and more and soon you can't repay the debt if you become a friggin Rocket Scientist.

At some point we have to realize that there is a huge problem with higher education. The interest rate charged is not that problem.

 

[Wyatt earp]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

This is not a great idea at all. "According to the Consumer Financial Protection Bureau, student loan debt has eclipsed credit-card debt and now stands at more than $1 trillion. As Bloomberg reported yesterday, a group of advisers to the Federal Reserve recently warned that student loan debt has “parallels to the housing crisis.” Professional students will have a "field day" and there will be more. The debt incurred will be staggering and not paid back this does not serve the purpose of education nor the students who seek to be trained for the job market.

Should Students Pay the Same Interest Rate as Goldman Sachs? - Businessweek

WOW! didnt think it was that bad.

 

[iamwhatiseem]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

This is not a great idea at all. "According to the Consumer Financial Protection Bureau, student loan debt has eclipsed credit-card debt and now stands at more than $1 trillion. As Bloomberg reported yesterday, a group of advisers to the Federal Reserve recently warned that student loan debt has “parallels to the housing crisis.” Professional students will have a "field day" and there will be more. The debt incurred will be staggering and not paid back this does not serve the purpose of education nor the students who seek to be trained for the job market.

Should Students Pay the Same Interest Rate as Goldman Sachs? - Businessweek

All excellent points. One way to defer repayment is to enroll in more schooling. People keep doing this, borrowing more and more and soon you can't repay the debt if you become a friggin Rocket Scientist.

At some point we have to realize that there is a huge problem with higher education. The interest rate charged is not that problem.

it is a business. The problem with higher education is the same with the prison system...free money from the government with little to no strings attached gives them both the STROOONGGG incentive to get as many as possible and keep them there longer.
There is no such thing as a 4 year degree anymore. It is more or less a 5 1/2 year degree now because they keep piling on class requirements to a stupid degree...but the givernment just keeps writing checks for bragging rights.

 

[Pop23]

“If the Federal Reserve can float trillions of dollars to large financial institutions at low interest rates to grow the economy, surely they can float the Department of Education the money to fund our students, keep us competitive, and grow our middle class.”

Background: Student loans should be at the same rate as banks. Dropping the Student Loan interest rate from 6.8% to 0.75%

Great Idea!

This is not a great idea at all. "According to the Consumer Financial Protection Bureau, student loan debt has eclipsed credit-card debt and now stands at more than $1 trillion. As Bloomberg reported yesterday, a group of advisers to the Federal Reserve recently warned that student loan debt has “parallels to the housing crisis.” Professional students will have a "field day" and there will be more. The debt incurred will be staggering and not paid back this does not serve the purpose of education nor the students who seek to be trained for the job market.

Should Students Pay the Same Interest Rate as Goldman Sachs? - Businessweek

WOW! didnt think it was that bad.

Likely the next bubble to burst. Look for large numbers of well educated Adults to move back in with their parents. That's the saddest part, we watched this happen and waited till it was too late to do a damn thing about it.

 

[iamwhatiseem]

This is not a great idea at all. "According to the Consumer Financial Protection Bureau, student loan debt has eclipsed credit-card debt and now stands at more than $1 trillion. As Bloomberg reported yesterday, a group of advisers to the Federal Reserve recently warned that student loan debt has “parallels to the housing crisis.” Professional students will have a "field day" and there will be more. The debt incurred will be staggering and not paid back this does not serve the purpose of education nor the students who seek to be trained for the job market.

Should Students Pay the Same Interest Rate as Goldman Sachs? - Businessweek

WOW! didnt think it was that bad.

Likely the next bubble to burst. Look for large numbers of well educated Adults to move back in with their parents. That's the saddest part, we watched this happen and waited till it was too late to do a damn thing about it.

Yep - just like the mortgage industry.