Do you agree with this Statement?

[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!

Both India and China look at education as an investment in their own country. They both pay all or part of various education costs and the result is, they're leaving us in the dirt. The problem is that Americans don't realize that we will not always be the strongest or richest on the planet unless we change some very basic attitudes.

Such as - It is indeed the height of stupidity to allow huge mega corporations, like banks, to be able to borrow money at a lower interest rate than individuals who would use their education for the betterment of our country.

Too many Americans don't want to invest in their own country. They would rather send money to other countries, support other country's banks and technology and manufacture and on and on. Obama is giving tax breaks to companies that bring their business back to the US while the R is fighting against that. They would rather see more tanks built for our military that has no use for the ones rusting in storage fields.

I don't know how it can be accomplished but we need for all Americans to care more about their own country and less about hurting Obama. Its just stupid. Its unpatriotic, borders on treason and very self-injurious. But, read rw's here. They hate their own country and want to see it harmed.

Not working for the wages in either China nor India.

 

[The Rabbi]

“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

Never thought I see you agree with President Obama.

Didnt Pres Obama sign Dodd-Frank, which essentially made the gov't sole provider of student loans? Yes, he did.
WSJ: Government Takeover of Student Loan Market Fails Miserably

Student loans should not be at the same rate as interbank loans because the risk profile is different. To wit, student loans are experiences defaults like 40%. It would amount to a giant middle class subsidy. And if students were learnign to become engineers there might be some justification for it. But they are not. They are spending 4-5 years in school getting degrees in gender studies and bad attitude and come out totally unprepared to do anything productive in society. That is why the underemployment rate for recent grads is like 50%. Why should we subsidize that? We need to punish that.

 

[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!

Both India and China look at education as an investment in their own country. They both pay all or part of various education costs and the result is, they're leaving us in the dirt. The problem is that Americans don't realize that we will not always be the strongest or richest on the planet unless we change some very basic attitudes.

Such as - It is indeed the height of stupidity to allow huge mega corporations, like banks, to be able to borrow money at a lower interest rate than individuals who would use their education for the betterment of our country.

Too many Americans don't want to invest in their own country. They would rather send money to other countries, support other country's banks and technology and manufacture and on and on. Obama is giving tax breaks to companies that bring their business back to the US while the R is fighting against that. They would rather see more tanks built for our military that has no use for the ones rusting in storage fields.

I don't know how it can be accomplished but we need for all Americans to care more about their own country and less about hurting Obama. Its just stupid. Its unpatriotic, borders on treason and very self-injurious. But, read rw's here. They hate their own country and want to see it harmed.

Yeah, as long as you are not an untouchable (India) or a peasant or politically unreliable (China). Those countries educate thier elites just fine. The rest? not so much.

As for "leaving us in the dirt" both economies are set up to provide similar services and products the West created decades ago, they are just able to do it cheaper. There is not much innovation coming out of both places, just volume of production.

 

[itfitzme]

“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!

Yes and no. All money in the economy exists because it is borrowed, through a cascade of banks, that lead back to the Federal Reserve. There is no reason that the rate should be higher than the discount window. An issue arises, as someone points out, that education prices can rise in inverse proportion to the loan rate.

This is a problem in that the underlying issue isn't solved.

 

[EdwardBaiamonte]

There is no reason that the rate should be higher than the discount window.

this is of course way too stupid and liberal. If there was no reason everyone who had money could loan it out at the .25% discount window rate. There is one huge huge huge reason why they don't do that: they fear they would lose their money!! At 7% the fear is much less becuase then they can absorb some losses. Got it now?