Aka, Grandpa’s blog … An emotional purgative for our world's cultural excesses.
Saturday, February 15, 2020
Today’s Poser
Do you, kind reader, think that the default rate on student college loans has increased since most Democrat presidential candidates have pledged to forgive said loans?
Dunno. My preference is that student loans are interest free provided that they are paid directly to certified institutions. Then, pay back the interest paid by graduates (or apply it to the balance) but do not forgive any debt.
During the Obama administration, most all student loans were taken over by the government. I agree that the loan interest rate should be fower ... but not zero. Also student loans should only be paid to colleges not to the students. Much fraud involved in this process ... loans used for spring break, etc.
Dunno. My preference is that student loans are interest free provided that they are paid directly to certified institutions. Then, pay back the interest paid by graduates (or apply it to the balance) but do not forgive any debt.
ReplyDeleteDuring the Obama administration, most all student loans were taken over by the government. I agree that the loan interest rate should be fower ... but not zero. Also student loans should only be paid to colleges not to the students. Much fraud involved in this process ... loans used for spring break, etc.
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