View Poll Results: Are high student loan interest rates a form of tax on the middle class?

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    13 46.43%
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Thread: Are high student loan interest rates a form of tax on the middle class?

  1. #91
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by MildSteel View Post
    Again, your reasoning in flawed. You don't have to pay sales tax if you don't buy anything that is taxable.
    Sales tax and property taxes are compulsory for property owners and purchasers of goods. You cannot avoid them if you own property or buy taxable items. You can easily avoid paying interest on student loans. Just don't take one out and finance your education by other means.
    Last edited by Gaius46; 04-14-15 at 04:38 PM.
    Don't be a grammar nazi - Marcus Aurelius, Meditations, Book 1 #7

  2. #92
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by Henrin View Post
    Ok, so what should the interest rate be?
    I think you could take a list like this one and work backwards.
    High-Paying College Majors and Degrees by School
    The lower potential income a degree has, the higher the interest rate.

  3. #93
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Of course it's not. 6% is not a high interest. If you want a high rate of interest, pay your college on a credit card at 22%. People need to stop whining.
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by longview View Post
    Without the government involvement, what do you think would be a fair market interest rate
    for a student loan? not your daughter, but any student?
    You do not know , what they are majoring in, weather they will finish, what kind of study habits they have.
    It is truly an unsecured loan.
    The government has massive resources at its disposal that private lending institutions do not have. It has the power to directly garnish wages in case of default, and there is the power of its empowered representative the Federal Reserve. Therefore, the loans should not be viewed as a government revenue source, but rather a tool to facilitate the higher education needs of citizens.

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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by AliHajiSheik View Post
    Keep me out of your issues. You brought your daughter into the discussion and I asked a question about whether you discussed collateral and you have yet to address the question.
    You decided to come into the discussion and say charge the expenses to a credit card in a nasty way. As such, it would be nice if you practiced some restraint if you don't have anything substantial to put forward.

    Quote Originally Posted by AliHajiSheik View Post
    I'll leave to to Tres to continue to point out your complaints.
    Good, your lame posts and along with her lame posts waste bandwidth.

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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by Gaius46 View Post
    Sales tax and property taxes are compulsory for property owners and purchasers of goods. You cannot avoid them if you own property or buy taxable items.
    You don't have to buy anything or purchase property. It can be done and their are people who do it.

    Quote Originally Posted by Gaius46 View Post
    You can easily avoid paying interest on student loans. Just don't take one out and finance your education by other means.
    Again, if you look at it like that you can easily avoid buying property or anything that is taxed.

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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by Cephus View Post
    Of course it's not. 6% is not a high interest. If you want a high rate of interest, pay your college on a credit card at 22%. People need to stop whining.
    You need to stop whining about someone making the observation that the interest rate that the government is charging on student loans is too high.

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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by Henrin View Post
    Ok, so what should the interest rate be?
    It should be at the rate the government pays to borrow money, possibly a little north of that to cover servicing costs.

  9. #99
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by MildSteel View Post
    You need to stop whining about someone making the observation that the interest rate that the government is charging on student loans is too high.
    Then by all means, don't take out a student loan. Solve the problem for you.
    There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.

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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by Cephus View Post
    Then by all means, don't take out a student loan. Solve the problem for you.
    By all means, the government should stop charging such high interest rates.

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