Common Sense Solution For Student Loan Debt Crisis

[2012Bearcat]

New York Republican proposes to slash student loan interest rates

Rep. Mike Lawler, R-N.Y., has introduced legislation that would slash student loan interest rates to one percent and permit federal borrowers to retroactively refinance their debt.

www.foxbusiness.com

Democrats natural instinct is always a giveaway which does nothing but make the problem worse. Common sense would be to reduce the interest rate on outstanding student loans, helping those in debt reduce their expense. This would cost the government (tax payers) far less while at the same time helping solve the problem. Win win for everyone.

 

[aix_xpert]

I stated this years ago as one of the ways that Biden could have provided immediate relief to Students without paying off the debt entirely. It was one of the easy levers that Obama's take over of the Student Loan industry provided.

 

[2012Bearcat]

I stated this years ago as one of the ways that Biden could have provided immediate relief to Students without paying off the debt entirely. It was one of the easy levers that Obama's take over of the Student Loan industry provided.

Common sense evades those on the left but of course elected Democrats knew exactly what they were trying to do. It's their voters that are clueless.

 

[GhostOfMatchesMalone]

New York Republican proposes to slash student loan interest rates

Rep. Mike Lawler, R-N.Y., has introduced legislation that would slash student loan interest rates to one percent and permit federal borrowers to retroactively refinance their debt.

www.foxbusiness.com

Democrats natural instinct is always a giveaway which does nothing but make the problem worse. Common sense would be to reduce the interest rate on outstanding student loans, helping those in debt reduce their expense. This would cost the government (tax payers) far less while at the same time helping solve the problem. Win win for everyone.

You're exactly right. But won't happen because the government owns most of the biggest loan providers. Those high interest rates are their bread and butter.

 

[fatman76]

New York Republican proposes to slash student loan interest rates

Rep. Mike Lawler, R-N.Y., has introduced legislation that would slash student loan interest rates to one percent and permit federal borrowers to retroactively refinance their debt.

www.foxbusiness.com

Democrats natural instinct is always a giveaway which does nothing but make the problem worse. Common sense would be to reduce the interest rate on outstanding student loans, helping those in debt reduce their expense. This would cost the government (tax payers) far less while at the same time helping solve the problem. Win win for everyone.

The way to stop the crisis is to stop the debt.

Stop acting like it’s everyone’s right to go to college.

When the free federal money slows down colleges will charge less.

 

[DCandtheUTBand]

Privatize, let them default and file for bankruptcy. After a few default with a degree in gender queer underwater ballet then banks will cut off the spigot to such nonsense.

The poor kid with a 32 ACT and 4.0 GPA going into engineering will get funded. The sociology major maybe not.

 

[OUSOONER67]

Taxpayers shouldn't have to pay a penny for anyones student loan debt. You took out the loan, signed and promised to repay it so eff em.
Get a job like everyone else and pay off your own debt.

 

[aix_xpert]

Privatize, let them default and file for bankruptcy. After a few default with a degree in gender queer underwater ballet then banks will cut off the spigot to such nonsense.

The poor kid with a 32 ACT and 4.0 GPA going into engineering will get funded. The sociology major maybe not.

It was private prior to Obama, but private lending is racist, so we had to change it. But it wasn't allowed to be defaulted on. And I agree with you. Make it like any other debt that's not guaranteed by the government, and suddenly banks will care a lot about whether the loan makes sense.