Re: Are high student loan interest rates a form of tax on the middle class?
Originally Posted by Ahlevah
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.
There is nothing demonstrably true that religion can provide the world that cannot be achieved more rationally through entirely secular means.