Capping student loan interest rates at 1% would make education more affordable and reduce the long-term financial burden on graduates. This would help address the student debt crisis, allowing individuals to repay loans faster and contribute to the economy earlier. It is also the government’s responsibility to keep inflation below 1%, ensuring no financial loss to the government. A 1% cap reflects an investment in education, benefiting society by supporting a more educated, financially stable population.
Related Topics
Policy | Replies | Views | Activity | |
---|---|---|---|---|
Cap interest rate on student loans | 1 | 31 | December 1, 2024 | |
Cap interest on student loans | 0 | 14 | November 9, 2024 | |
Cap Student Loan Interest at 1%. Loan Revenue Will still be 900% of Required Cost of Servicing All Loans | 1 | 42 | November 10, 2024 | |
End student loan interest | 0 | 11 | November 14, 2024 | |
Lower student loan interest rates | 0 | 4 | November 16, 2024 |