• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

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

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


  • Total voters
    28
If you really want to get into it, the whole educational system is very inefficient and needs radical overhaul. That is another subject. The interest rates that the government is charging are too high.

Because you keep saying so but never manage to actually demonstrate that your claim is true. Where are your facts that back up your claim? Oh wait, you don't have any. :roll:
 
Because you keep saying so but never manage to actually demonstrate that your claim is true. Where are your facts that back up your claim? Oh wait, you don't have any. :roll:

Bingo!
 
Because you keep saying so but never manage to actually demonstrate that your claim is true. Where are your facts that back up your claim? Oh wait, you don't have any. :roll:

Oh wait, you have not read the thread.
 
Oh wait, you have not read the thread.

Yes I have. You have repeatedly given your opinion. Your opinion proves nothing. Where is your actual data?
 
Yes I have. You have repeatedly given your opinion. Your opinion proves nothing. Where is your actual data?

No you haven't, because if you did you will see reference after reference to facts related to such things as recovery rates and default rates.
 
No you haven't, because if you did you will see reference after reference to facts related to such things as recovery rates and default rates.

Nope - he will see that your logic is consistently proven to be wrong.

Repeating the same thing over and over again will not make it true.

 
That is correct. A college education has become almost an prerequisite for obtaining employment that pays a living wage in this country. It is ridiculous to think otherwise.

It's ridiculous that it's true.

Education costs far too much to be a requirement for a living wage.

Obviously, either the standard for a living wage is too high....or wages are too low.
 
Yes but moreso on the young, who don't vote as much. Most redistributing of income (which mccain claimed to abhor, when it implied wealthy -> middle class) goes from the young to the old
 
If you really want to get into it, the whole educational system is very inefficient and needs radical overhaul. That is another subject. The interest rates that the government is charging are too high.

Ultimately, the cost of an education is what schools charge, and what they charge is based largely on students' ability to pay. If you lower the interest rate, the students can pay more, so the schools charge more. The same principle applies to cars or houses. People tend to look less at the total cost of a car or house over the life of a loan than their monthly payment.
 
In spinning this fairy tale, the CBO does not consider administrative costs.

I'll take an egg to the face on this one. The CBO Table 1 I linked in the relevant post does include administrative costs, and these are added to the negative outlays ("profits") for each year in the projections.
 
Ultimately, the cost of an education is what schools charge, and what they charge is based largely on students' ability to pay. If you lower the interest rate, the students can pay more, so the schools charge more. The same principle applies to cars or houses. People tend to look less at the total cost of a car or house over the life of a loan than their monthly payment.

Actually, the reason that education is so expensive is because they know that most students can get a government subsidized loan. If the government stopped giving money to everyone who came around with their hand out, the cost of education would go down.
 
Back
Top Bottom