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

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    lurkyloo

    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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