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fisfall asked in Politics & GovernmentPolitics · 8 years ago

What do you think about the rates doubling for student loans?

The Republicans made clear this week they won’t even allow a vote to keep the student loan rate at 3.4 percent. Instead, they are pushing a plan to make more money off students.

The government is already profiting $51 billion off its student loan program this year alone, and the Republicans want a deal that would increase those profits even more.

13 Answers

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  • Anonymous
    8 years ago
    Favorite Answer

    It sucks.

    Everyone in or interested in college should vote for Democrats.

    The U.S. now ranks behind 12 other developed nations when it comes to college graduation rates. We are also the only developed nation in the world where this generation isn’t doing better than the generation before it. Why?

    Likely because college tuition has grown by 600% since 1985, leading to student loan debt topping $1 Trillion for the first time ever.

    Obama, GOP grapple again over student loans

    http://www.usatoday.com/story/theoval/2013/05/30/o...

    Republicans want to dump more than a million students off their Pell grants.

    https://www.google.com/search?q=republicans+colleg...

    Republicans say no to making college more affordable

    http://www.americaforpurchase.com/u-s-economy/reva...

    Republicans denying college students the right to vote

    https://www.google.com/search?q=republicans+colleg...

    Republicans have not explained how they think America can be competitive in a global market without a well educated work force. Go figure.

    President Obama eased student loan terms

    http://www.nytimes.com/2012/01/27/education/obama-...

    President Obama is trying to make college more affordable

    http://www.nytimes.com/2012/01/27/education/obama-...

    Thomas Jefferson's Bill for Universal Education at the Public Expense

    http://jschell.myweb.uga.edu/history/legis/jeffers...

    ##

  • 8 years ago

    I think it should have been f'ing tripled.

    I teach film crew training at the local community college here, and I work alongside many college students on local film productions. I see them paying tuition, then buying X-Boxes, big-screen TVs and even cars with their student loans without ever giving a thought that those loans will have to be paid back eventually. There's also an extremely high percentage of students who don't even graduate after having racked up five digits' worth of student loans.

    The next bubble to burst is going to be student loans because they've been abused so badly.

  • 8 years ago

    Student loan rates doubled under the Obama Administration??? Well, yes they did...... but they didn't have to.... because Congress must approve all spending and interest rate changes..... and that happens only if the Democrat controlled Senate approves it.

  • Anonymous
    8 years ago

    If the government got out of the business of securing $100,000 loans to the bottom 40% of the student body (academically ranked) at diploma mills, the price of education would come down.

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  • Yup
    Lv 7
    8 years ago

    profits? do you have any idea how many of those loans are in deferment or default? you can't make any money on a loan that a person is not paying back.

  • Anonymous
    8 years ago

    WRONG Or a LIE

    Harry Reid blocked the vote on a BIPARTISAN DEAL to prevent it

    http://www.washingtonpost.com/politics/bipartisan-...

    Source(s): Hey IRIS.. way to ignore this weeks news
  • None
    Lv 7
    8 years ago

    This has to be a seriously ill-informed question. The real issue is why has the cost of higher education gone so incredibly out of control.

  • Anonymous
    8 years ago

    Obama is the one who outlawed you going anywhere BUT da Gubbamint for a student loan.

    Don't blame one half of one third of the government.

  • Lenny
    Lv 7
    8 years ago

    I think that it is Obamanomics in action with all of liberals' phony concerns about people.

  • Anonymous
    8 years ago

    college is a scam anyway , you can learn most of it in a library and avoid getting indoctrinated by the commy professors

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