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View Diary: Federal student loan interest slated to rise back to 6.8% (43 comments)

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  •  No (3+ / 0-)
    Recommended by:
    sandblaster, Eyesbright, jfdunphy

    The reality is that stafford int rates should be lowered to reflect the 10 year treasury rate. At 3% the interest charge would in effect give the middle class an instant raise. It's a stimulus package that would help the economy get back on a growth path.

    •  yeah..that's convenient (1+ / 0-)
      Recommended by:
      Lasgalen Lothir

      How about you pay my electric bill and fill my freezer with some meat.  That will stimulate the economy as well.

      _"Love is the rosebud of an hour; Friendship the everlasting flower."_ Brook Boothby

      by Keith930 on Sat Mar 30, 2013 at 07:31:52 PM PDT

      [ Parent ]

      •  And how does this comment (1+ / 0-)
        Recommended by:

        Advance civil discussion?

        We spent a trillion dollars bailing out the banks in 2008 and 2009.

        Student loan debt is at least a trillion dollars today. The wrong question is being asked by congress. I certainly never said zero the loans out.  I implied that treasury would actually increase loan repayment rates with an interest rate reduction.

        Treasury can borrow at essentially 0% from the bond market. Treasury is still making money at 3%.

        If we don't take steps to make repayment possible large chunks of the debt will just be written off with the death of the borrowers.

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