Student Loan Repayment Plan in American Student Policy
Analyzing the Controversial Save Student Loan Repayment Plan in American Student Policy
A measure was blocked by the supreme court, while a different one failed to gain political traction even among the democratic party.
However, the administration has just introduced a new save student loan repayment plan that would offer loan forgiveness to some borrowers and savings of up to $1,000 annually for borrowers who qualify.
It is breaking the law and the spirit of the law, which is the first of two things it is doing. The spirit.
Doing this kind of end run where you know it’s unconstitutional when we have a former president getting indicted, serious allegations against this president and his son and his brother,
you've already been put down by the supreme court; why do you keep doing it?
It is vulgar.
It is unfair to students, in my opinion, and only serves to make the public more cynical.
They do not know what the game rules are.
Tragically, what we’ve found is that the more relief you offer students, the more tuition, room and board and a lot of those fees just go up, and it has been a continuing cycle.
You provide these students with relief because this program
You have not resolved the problem. So, in my opinion, what is happening at the moment is
nothing short of predatory lending.
Neil, if you really want to fix this problem, i think there
are three things you need to attach. First, universities must have some skin in the game.
Because universities don’t care if students can’t afford to
pay back these loans, it has no impact on them.
Second, i think students and their parents should complete
s&p some type of educational program to show that they have an
understanding of what they’re getting involved with in repayment 5, 10, 20
years down the line.
Third, if students do not qualify for loans, they must be turned
down in the same manner as anyone else who receives a loan.
If you are unable to pay it back with, or if you do not
receive the loan.
That is why lending should be returned to the private
sector, with banks and lenders on the line if the loan is not paid.
Dan's and others' idea of having the university have skin in the game is good, but what about transparency?
Students have less transparency in payments like that than you do on your credit card or your mortgage.
A good documentary on the whole lending thing is available from a website called izzit.org.
Do you think you owe $40 if you borrow $40,000 for 4 years at $10,000 a year?
No, the interest rate is 47.
In dan’s opinion, it’s a good educational documentary that every parent and student should watch.
Yes, universities have skin in the game, and i believe the idea that everyone has to go to college should be abandoned.
You may wish to do it later, or you may wish to take courses online.
But, also, there should be no stigma to the fact that you may learn a skill that the market wants and will pay you well for.