View Poll Results: Should Student Loan Interest Rates Be Lowered Below 4%?

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  • Yes

    11 44.00%
  • No

    10 40.00%
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Thread: Should Student Loan Interest Rates Be Lowered Below 4%?

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    Should Student Loan Interest Rates Be Lowered Below 4%?

    Most student loan interest rates are at 7% or above. There has been some legislation introduced in congress that calls for student interest rates be lowered to below 4%. Do you support these rates?


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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Quote Originally Posted by TheDemSocialist View Post
    Most student loan interest rates are at 7% or above. There has been some legislation introduced in congress that calls for student interest rates be lowered to below 4%. Do you support these rates?
    Student loans are fairly high risk loans. I would not mandate rates be lowered.
    "It is only when men contemplate the greatness of God that they can come to realize their own inadequacy." Jean Calvin

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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Quote Originally Posted by johndylan1 View Post
    Student loans are fairly high risk loans. I would not mandate rates be lowered.
    I would tend to agree.

    If they really want to help students more, skip right to grants instead of loans.
    Education.

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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Quote Originally Posted by The Mark View Post
    I would tend to agree.

    If they really want to help students more, skip right to grants instead of loans.
    I know plenty of folks that get grants. Based on my personal observation the college grant program is fraught with waste and abuse. For example I know of a young man who hatched a plan to get a gaming computer. Apply for Jr college classes enroll and receive grants, drop all but the minimum amount of courses by the deadline and receive a refund on tuition, do not buy books and have enough left to buy a good gaming computer. This young man never intended to stay in school, he went two semesters and passed a total of three classes. He wanted computer equipment and he got it.

    Grants should be tied to performance.
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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Quote Originally Posted by TheDemSocialist View Post
    Most student loan interest rates are at 7% or above. There has been some legislation introduced in congress that calls for student interest rates be lowered to below 4%. Do you support these rates?
    I believe that the student loan interest rates should be raised to 51% until after you graduate DemSocialist.

    Once you're off campus, lower them down to 1.5%.

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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Quote Originally Posted by APACHERAT View Post
    I believe that the student loan interest rates should be raised to 51% until after you graduate DemSocialist.

    Once you're off campus, lower them down to 1.5%.


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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Quote Originally Posted by johndylan1 View Post
    Student loans are fairly high risk loans. I would not mandate rates be lowered.
    They're not risky at all, they cannot be discharged in bankruptcy or gotten away from in any other way. They will be repaid eventually unless the individual drops dead right after graduation.
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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Quote Originally Posted by TheDemSocialist View Post
    Most student loan interest rates are at 7% or above. There has been some legislation introduced in congress that calls for student interest rates be lowered to below 4%. Do you support these rates?
    For me it depends on the type of loan it is, as I don't think the government in general should be making loans, however, as long as the government/the fed is making/backing near 0% loans for rich bankers I think the same courtesy should be extended to our students.
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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Quote Originally Posted by TheDemSocialist View Post
    Most student loan interest rates are at 7% or above. There has been some legislation introduced in congress that calls for student interest rates be lowered to below 4%. Do you support these rates?
    Why should student loans have lower than market rates? Could you explain that?

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    Re: Should Student Loan Interest Rates Be Lowered Below 4%?

    Because the Fed bailed out the big banks. All student loan debt should be forgiven. Just put it all on the Fed's books, along with all that toxic mortgage debt from the banks.

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