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The Water Cooler
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Just found this on yahoo. Student loan forgiveness
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<blockquote data-quote="Buddhaman" data-source="post: 1645063" data-attributes="member: 12404"><p>I have mixed feelings about student loans. On one hand I wouldn't be in college now if it wasn't for being able to borrow but on the other I'll be $40k+ in debt when I do graduate. Of course things wouldn't be so bad if the stupid tuition rates wouldn't keep going up EVERY YEAR THAT I'VE BEEN IN COLLEGE!!!! The schools need to re-think their strategy for graduating students and cut out the crappy gen-ed courses that I never use and had to pay for. Will I have a decent job when I graduate? I hope so. Will I ever use my ancient Asian history knowledge? Not unless I end up on some gameshow. The loan companies know their prey, poor teens hoping to get into college and be better off than their parents. The problem is they also have jacked up percentage rates that keep them in debt for 20yrs (mine started at 11% and are down to 6%). Once again it all falls on the banks and lending companies for causing EXCESS DEBT. Note that I said EXCESS, meaning most students would still need to borrow to attend school but someone sets the interest rates too high. I'll accept a partial forgiveness of my student loans, say 1/2 of the interest ($10k or so) but I knew when I wanted to go to college that I was going to pay for it one way or another.</p></blockquote><p></p>
[QUOTE="Buddhaman, post: 1645063, member: 12404"] I have mixed feelings about student loans. On one hand I wouldn't be in college now if it wasn't for being able to borrow but on the other I'll be $40k+ in debt when I do graduate. Of course things wouldn't be so bad if the stupid tuition rates wouldn't keep going up EVERY YEAR THAT I'VE BEEN IN COLLEGE!!!! The schools need to re-think their strategy for graduating students and cut out the crappy gen-ed courses that I never use and had to pay for. Will I have a decent job when I graduate? I hope so. Will I ever use my ancient Asian history knowledge? Not unless I end up on some gameshow. The loan companies know their prey, poor teens hoping to get into college and be better off than their parents. The problem is they also have jacked up percentage rates that keep them in debt for 20yrs (mine started at 11% and are down to 6%). Once again it all falls on the banks and lending companies for causing EXCESS DEBT. Note that I said EXCESS, meaning most students would still need to borrow to attend school but someone sets the interest rates too high. I'll accept a partial forgiveness of my student loans, say 1/2 of the interest ($10k or so) but I knew when I wanted to go to college that I was going to pay for it one way or another. [/QUOTE]
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Just found this on yahoo. Student loan forgiveness
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