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

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  •  Permanently low? (0+ / 0-)

    Do you really think that student loan rates should remain at 3.4 regardless of the rest of the economy?

    If we went back to 70s style inflation would it make sense to be able to borrow money for less than the rate of inflation?

    Personally, I'd tie to the Treasury rate +x (~+3.5%).  Then it'll float with the economy, but can't easily balloon.

    The Empire never ended.

    by thejeff on Wed Jul 24, 2013 at 04:48:25 PM PDT

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    •  What's the point of government student loans (6+ / 0-)

      if the rates aren't much better than market rates?  Why have them at all?  Historically, they have been cheap because the government subsidizes them.  What is happening is that the government is now making money off of them.  If you think that's ok, then fine.  

      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 05:27:40 PM PDT

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