A permanent 1% student loan interest rate, retroacted to the date of dispersement would give people affordable payments, pay off some loans that people have been paying on for decades, and incentivize people to go to school without fear of graduating at the wrong time and having to consolidate their loans at 7% APR if not more. This would encourage young people (especially young men, who currently make up the smallest percentage of male students in U.S. history) to go to college and make it far more affordable to pay off. In this scenario, no one is getting their gender studies degree loans “forgiven” , it encourages people to get an education, and it will give some debt relief to those who have been paying for ages without giving money away. By permanently reducing runaway student loan interest rates, we can start to make America smart again and build a stronger tomorrow for generations to come.
Related Topics
| Policy | Replies | Views | Activity | |
|---|---|---|---|---|
| Interest-Free Federal Student Loans | 1 | 14 | December 13, 2024 | |
| Student Loan Fairness Act: Retroactive Rate Decreases | 1 | 27 | October 25, 2024 | |
| Cap interest on student loans | 0 | 14 | November 9, 2024 | |
| Common Sense Student Loan Relief | 3 | 12 | December 28, 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 |