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| Topic | Has anything been done to prevent , another 10k in student loan forgiveness.. |
| adjl 08/26/22 4:22:49 PM #7: | GameLord113 posted... Student loans are predatory as is and should have an interest rate of 0%. I'd be okay with having an interest rate that would allow them to keep up with inflation, so as to avoid having them be a loss, but government student loans absolutely should not charge interest for the sake of turning a profit. That is, in fact, a tax that explicitly targets the lower and middle classes (those who can't just pay out of pocket for college). Private loans are another matter, since making a profit is their only reason for existing, but if government loans are available that have lower interest rates and cover the costs of most universities (which need to be regulated down in their own right), that competition will keep them from getting out of hand outside of cases where they're needed to pay for more expensive universities (in which case the existence of cheaper alternatives will help to keep them in check and/or encourage those who would have to take on unsustainable debt to go elsewhere). --- This is my signature. It exists to keep people from skipping the last line of my posts. ... Copied to Clipboard! |
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