I worked and payed cash for my schooling so don't know or care.
You can still pay more than 10% if you want to. Think of the 10% as a minimum payment for a credit card. Paying more if you choose is still an option.
It's more like a cap and only affects people whose normal payment is more than 10% of their incomes.
Also true. It's a fancy bandage for the real issue, outrageous tuition costs. Certainly ain't inflation.
The way I understand things, it's more of a chicken/egg thing. Tuition continues to go up because loans are readily available. Not everyone NEEDS to go to college.Also true. It's a fancy bandage for the real issue, outrageous tuition costs. Certainly ain't inflation.
The way I understand things, it's more of a chicken/egg thing. Tuition continues to go up because loans are readily available. Not everyone NEEDS to go to college.
The way I understand things, it's more of a chicken/egg thing. Tuition continues to go up because loans are readily available. Not everyone NEEDS to go to college.
Change tuition to housing market and loans to purchase mortgages and you have the housing boom of the first decade (that didn't really last but a few years since the actual credit-worthiness of the borrowers hadn't changed).
I worked and payed cash for my schooling so don't know or care.
Never took out the first student loan but I'm sure some of my tax dollars are subsidizing those who did and don't pay them back.
Most people today are too young to remember a time when the federal government had nothing to do with student loans.
I thought student loan debt was the only kind of debt you can't get out of paying.