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

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  • Yes

    13 46.43%
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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. #251
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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
    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.
    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
    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.
    Bingo!

  3. #253
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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
    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.
    Oh wait, you have not read the thread.

  4. #254
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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
    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?
    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
    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.

  6. #256
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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
    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.

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  7. #257
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by Ironfist View Post
    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.
    Education.

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

    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

  9. #259
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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
    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.
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    Re: Are high student loan interest rates a form of tax on the middle class?

    Quote Originally Posted by Ahlevah View Post
    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.
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