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View Diary: Senate passes student loan interest rate bill to make students pay more (42 comments)

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  •  No, it's not an ARM. (0+ / 0-)

    Any one particular loan is held to one rate. It's just that each year the rate for a new loan will change based on the market.

    The real problem is that college lasts longer than one year, and students invariably need new loans in consecutive years.

    •  And rates are most assuredly going higher (0+ / 0-)

      Rates are at multigenerational lows now  - they can only go up unless the economy goes in the crapper again, which would put students in the shit house too.  what's worse is the government will be making money off the students.

      The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

      by accumbens on Wed Jul 24, 2013 at 04:42:51 PM PDT

      [ Parent ]

    •  It's an ARM and a LEG *nt* (0+ / 0-)

      Proud Aspie mom of an LGBT kid and some Aspies.

      by CatM on Wed Jul 24, 2013 at 05:28:36 PM PDT

      [ Parent ]

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