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Thread: Student Loan Rates Double After Congressional Inaction

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    Re: Student Loan Rates Double After Congressional Inaction

    disincentivising the full development of our national intellectual resources is a serious mistake.

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    Re: Student Loan Rates Double After Congressional Inaction

    Quote Originally Posted by CanadaJohn View Post
    Perhaps it's nit-picking, but your loan didn't double, just the cost of servicing the loan doubled. Instead of paying $3.40 per $100 annually, you'll pay $6.80 per $100 annually.

    Your main source of pain is the various institutions who are grossly overcharging for the services they provide.
    Thank the Marxists giving themselves guaranteed life employment for that. Because you know, they absolutely do believe that a job is a right.

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    Re: Student Loan Rates Double After Congressional Inaction

    Quote Originally Posted by Helix View Post
    disincentivising the full development of our national intellectual resources is a serious mistake.
    I don't think pumping out Art History or Musicology degrees passes for the "full development of our national intellectual resources." If that is a seriously the concern, then I would say a bit of discretion for financial aid is necessary and student loans don't meet that criteria. After all, why should society pay for degrees that society doesn't need?

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    Re: Student Loan Rates Double After Congressional Inaction

    Quote Originally Posted by ReformCollege View Post
    I don't think pumping out Art History or Musicology degrees passes for the "full development of our national intellectual resources." If that is a seriously the concern, then I would say a bit of discretion for financial aid is necessary and student loans don't meet that criteria. After all, why should society pay for degrees that society doesn't need?
    why should a football player lift large metal objects in preparation for a game when the game itself does not involve lifting metal objects?

    also, the interest rates aren't just increasing for majors which you feel are non-essential.

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    Re: Student Loan Rates Double After Congressional Inaction

    Well, my loans were at 6.8% interest rate when I graduated in 2009. I never got the benefit of whatever short-term drop to 3.4% students got after 2009. So I am not all that concerned about it going back UP to 6.8%.

    Now if they suddenly come up with a plan to reduce interest rates across the board for all previous loan holders??? Then I would perk up.

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    Re: Student Loan Rates Double After Congressional Inaction

    Quote Originally Posted by Helix View Post
    disincentivising the full development of our national intellectual resources is a serious mistake.
    If that were your goal then you should want to make schools harder and college harder to get into and stay in so people would stop screwing around and taking 5 years to graduate to buy another year of suspended adolescence.

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    Re: Student Loan Rates Double After Congressional Inaction

    Quote Originally Posted by Fisher View Post
    If that were your goal then you should want to make schools harder and college harder to get into and stay in so people would stop screwing around and taking 5 years to graduate to buy another year of suspended adolescence.
    i have no problem with making courses more challenging as long as access to tutoring is not dependent on financial means. i'd support a redesign of the education system, including block scheduling. in this model, courses would meet every other day for twice as long, and the lecture period would include one on one time with the teacher while completing coursework.

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    Re: Student Loan Rates Double After Congressional Inaction

    Quote Originally Posted by Helix View Post
    why should a football player lift large metal objects in preparation for a game when the game itself does not involve lifting metal objects?

    also, the interest rates aren't just increasing for majors which you feel are non-essential.
    The game of football involves people lifting large human objects. The body doesn't care whether its lifting humans or metal, so metal perfectly is applicable to becoming more adept at lifting humans.

    And you're absolutely right. Which is why I said that society's resources should be directed at majors that it needs most, not majors that lead to a job working at the golden arches and sucking off the government tit.

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    Re: Student Loan Rates Double After Congressional Inaction

    Quote Originally Posted by Helix View Post
    i have no problem with making courses more challenging as long as access to tutoring is not dependent on financial means. i'd support a redesign of the education system, including block scheduling. in this model, courses would meet every other day for twice as long, and the lecture period would include one on one time with the teacher while completing coursework.
    Block scheduling proved to be a total disaster when our local catch-all 3,500+students high schools tried it. There was a glitch with the lunch scheduling that caused one set of people to always have a split lunch period. To try to make it "fair" they then alternated it in two week segments so your blocks switched up so everyone would be a victim of the split lunch and it got so confusing people had no clue where to be and teachers were having problems maintaining teaching plans. It was particularly hard for people to make up work if they had been out. They eventually scrapped it and went with an optional 7th period.

    The specialty high schools use block scheduling in various degrees though. It works very well with the science-math oriented HS that out-performs pretty much all other HS's in our area.

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    Re: Student Loan Rates Double After Congressional Inaction

    Quote Originally Posted by Helix View Post
    i have no problem with making courses more challenging as long as access to tutoring is not dependent on financial means. i'd support a redesign of the education system, including block scheduling. in this model, courses would meet every other day for twice as long, and the lecture period would include one on one time with the teacher while completing coursework.
    I don't know where you went to college, but mine has a tremendous amount of free tutoring resources. Of which I've never used

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