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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
- Anonymous8 years agoFavorite 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...
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- El TecoloteLv 78 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.
- GEORGE BLv 78 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.
- Anonymous8 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.
Source(s): http://www.youtube.com/watch?v=AVz-HqwOuyo - How do you think about the answers? You can sign in to vote the answer.
- YupLv 78 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.
- Anonymous8 years ago
WRONG Or a LIE
Harry Reid blocked the vote on a BIPARTISAN DEAL to prevent it
Source(s): Hey IRIS.. way to ignore this weeks news - NoneLv 78 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.
- Anonymous8 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.
- LennyLv 78 years ago
I think that it is Obamanomics in action with all of liberals' phony concerns about people.
- Anonymous8 years ago
college is a scam anyway , you can learn most of it in a library and avoid getting indoctrinated by the commy professors