2016 Postmortem
Related: About this forumI know both candidates want to help
lower college costs. My question is, do either of the candidates have plans to help students that are saddled with horrendous debt now? Any type of plan to help lighten the load for them?
Some kids are paying as much as 700-800 dollars a month on student loans. These debts are for years and years. How are they ever supposed get anywhere when they start out with that kind of debt? Even at 400-500 a month. They went to school so they could get a good job, now they have a good job just to pay for school.
It's not all they kids faults for taking loans. I'll use my son. He went to an in state school. University of Delaware. Took only what he absolutely needed. Lived at home, bought used books when he could, worked while in school, and we helped with what we could. But he still has debt.
They have to come up with something that gives some kind of relief to these kids.
Gregorian
(23,867 posts)Correct me if I'm wrong, because I remember hearing him say that in a speech.
firebrand80
(2,760 posts)the government should allow student loans to be refinanced.
Paulie
(8,464 posts)2. STOP THE FEDERAL GOVERNMENT FROM MAKING A PROFIT ON STUDENT LOANS.
Over the next decade, it has been estimated that the federal government will make a profit of over $110 billion on student loan programs. This is morally wrong and it is bad economics. As President, Sen. Sanders will prevent the federal government from profiteering on the backs of college students and use this money instead to significantly lower student loan interest rates.
3. SUBSTANTIALLY CUT STUDENT LOAN INTEREST RATES.
Under the Sanders plan, the formula for setting student loan interest rates would go back to where it was in 2006. If this plan were in effect today, interest rates on undergraduate loans would drop from 4.29% to just 2.37%.