The Daily Gazette
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Don't raise rates on student loans

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There’s no federal election this fall, so the political hue and cry of a year ago over plans for the federal government to double the interest rate it charges on student loans is largely absent. But before lawmakers do this to the millions of college students (and graduates) who rely on these loans, they might want to consider a study by the nonpartisan Congressional Budget Office released two months ago showing that the government actually ...

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April 11, 2013
9:35 a.m.

[ Flag Post ]

Obama nationalized the student loan program. My kids are now subserviant to the State. This is one of the many things that our Mastermind-In-Chief has done to make us indebted to the our Government. In 1977, I walked to the nearest bank, sat with a kind bank officer, and asked for money to go to school She sized me up and loaned me $15,000. Nowadays, you have to fill out the dreaded FAFSA, or you can't even get the scholarships you earned. The student college debt is a ticking time bomb ready to explode. Over $1 trillion dollars in debt has been accumulated by kids. And if/when they don't pay, WE DO. As Mark Levin says, "The United States of America is unmoored from the Constitution."