(04-07-2024, 02:13 PM)StroudCrowd1 Wrote:

(04-07-2024, 01:07 PM)flsprtsgod Wrote: No, i simply don't believe that we should charge people 7% interest to get a college education. Sorry that pisses you off so much.

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Yeah, having to go into decades worth of debt to pay for an education is really stupid. An educated populace is a national security interest; I get that lots of you folks don't understand that, but we're falling behind the rest of the 1st world in ways that threaten our place at the top. That we screw over our citizens, especially our young ones just starting out, so the banks and corporations can flourish will always be something I oppose.

But it's ok for a house? What is a fair interest rate in your eyes? Maybe attacking the 30% APR of credit cards that impact a demographic broader than those with political science degrees would be a better approach?

Would 0% make you happy? Just trying to figure out what pleases a person that is right all the time.

Also, national security interest? LOL!

I'd be ok with attacking those credit cards as well, it's not binary. And yes, if the government is providing the loans for education then interest free is the way to go, along with caps on tuition and fees for institutions that accept that federal money. We could actually leverage the power of the federal government for the benefit of our people rather than the banks. Turning 2 generations of school children into debt slaves in order to get a college education was not a good idea; I'm sorry you can't see that. And it was Thomas Jefferson who was first expressed concern about the education of America society, so I'm sure you'll be happy to LOL at him too. Puts me in rather good company.

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(04-07-2024, 02:23 PM)The Real Marty Wrote: The problem comes from the government guaranteeing student loans.  If the government did not guarantee student loans, then banks and lenders would take a lot closer look at the ability of people to pay them back.  It would also put downward pressure on the price of a college education, since the government would no longer be throwing money at student tuition. 

But the bottom line is, the students need to be aware of what they are getting into, and how long it will take them to pay back the loans.  Some of them act like they had no idea.  Which is ridiculous, because being college students, they are supposed to be smart enough to understand basic math.

And so long as lenders are needed to pay for education then many if not most Americans will have the road to college blocked by purely financial interests.

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