Quote:
Originally Posted by c1pher
I do not agree with paying off someone's loans, but I also do not think universities should be gouging students. Part of the increase isn't just greed but the catering to professors who want to teach whatever, no future degree they want. Cutting out some of these degree programs would be a good start while also steering the students toward real bill paying jobs. I also think education loans should be capped at 1% above prime or something like that. The loans these people have are downright usurious.
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Ha. The rates for current student loans are nothing compared what I had to pay for mine. The cheapest which was only a quarter of the total I had to pay back was 5%. The main loan which was a Stafford was at 8%. And I had to take out a supplemental loan for a small amount at 9%.