Quote:
Originally Posted by MobilOne
Student loans should be at the same interest rate as t-bills.
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Why?
Just like with home loans, cheap loans drive UP cost. Cheap, easy to get student loans that are granted by our government increase demand for college education which pushes the tuition costs sky high.
Make it HARDER to get student loans and allow them to be cleared through bankruptcy (like ANY other loan) and tuition costs will plummet.
Student loans, tend to be risky investments. Money is being loaned to a person who tends to have little to no belongings to use as collateral and no job. This SHOULD have a high interest rate to compensate for the risk.