Boo Radley
DP Veteran
- Joined
- Dec 20, 2009
- Messages
- 37,066
- Reaction score
- 7,028
- Gender
- Male
- Political Leaning
- Liberal
Oh so that is just great! Didn't he also mention something about capping the repayment at 10% of anual income? So let's see here, you graduate with a loan bill that is gaining interest at 6% annually, on $150K of loans for your Brazilian Bongo degree, and you get a job out of collage that makes 35K a year. So you repay $3500 per year for 20 years which would add up to roughly half of the principle of the loan then it is just forgiven? Who picks that up? Me?
j-mac
I give you credit for not making as bad a mistake on the context of the arguement as others. The I spoke to did not mention them paying less. I would be interested to see how many get away with paying less per month. Those I know have not be allowed to do so, but admit my limited sample is not enough to be representative. Do you have information?