Student loan payments to get cut in half in July
Beginning July 1, even more help from the SAVE plan is coming to borrowers.
www.newsweek.com
It would be a huge help to students if the government put limitations on student loans. For instance, student loans can be awarded to cover 75% of the cost of tuition and nothing else. It wouldn't harm students to work part-time while they go to college.
Especially given what college has become. Many of these "educations", whether having earned a degree or not, are nearly worthless.Even better....the govt should get out of the student loan business completely. Last I checked, there isn't anything in the constitution about the fed govt providing or backing student loans. Going to college and need a loan....call your bank.
And lottery funding. College is big business these days.Also the EZ money of loans has allowed the schools to raise costs WAY above inflation.
My first quarter of school in 1980 was $192.00.
Eight years later it had doubled to $380 or so a quarter.
My kids were facing 4K to 10K as semester.
Ridiculous.
Yeah, but they suck at this stuff.No doubt. Republicans have tried buying votes in the past also.