Most people are in massive student loan debt not only because of the cost of education but also because the interest rates are 7,8,9+ %. The lenders will negotiate a payment plan based on income and typically that amount is less than the monthly interest accrued on the loan. They therefore cant ever payboff the loan and the government keeps talking about paying them off with my tax dollars. What if we just cap the interest rate, regardless of lender at 2 or 3% for education loans. Thats what my rate was in 2001 and it waant hard to pay off.
Related Topics
| Policy | Replies | Views | Activity | |
|---|---|---|---|---|
| Cap the interest rates on Student Loans | 2 | 10 | January 14, 2025 | |
| Reduce Interest Rates on Student Loans | 3 | 8 | October 30, 2024 | |
| Cap interest on student loans | 1 | 11 | November 29, 2024 | |
| Student loans with .5% interest rate | 0 | 6 | November 12, 2024 | |
| Change student loans | 1 | 12 | November 7, 2024 |