Recalculating student loans

  • Article by: Washington Post Editorial
  • Updated: May 6, 2013 - 6:46 PM

Student loan interest rates are going to double in July. And, no, that’s not nearly as terrible as it sounds.

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gandalf48May. 7, 13 9:36 AM

Sounds like a decent idea, keep school loans at the same rate the government borrows at. That way the students are still affected by market forces but are somewhat insulated from the large ups and downs. We should not be subsidizing student loans to the point where they pay a far lower interest rate than even our government can borrow at; but I can understand using the same rate the government uses. Plus, implementing this sort of system gets college students more interested in the national debt, if the debt becomes too large and the government risk increases so does the interest rate they are paying on their student loan.

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basia2186May. 7, 13 4:58 PM

When I was going to school, many of us would work 20+ hours a week and take breaks to earn more money. Many also lived at home as long as possible. Instant gratification is expensive. Take your time young students. Work and volunteer in many different things before putting yourself in so much debt. The best money ( and the most fun)I ever made was selling real estate. No degree required. Much of the 4 year degree with dorm life is an extension of high school. Sporting events, clubs and parties.

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