Interest on new undergraduate student loans will double on Monday

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  • DN Subscriber 2 SLC, UT
    June 29, 2013 7:21 p.m.

    Student loan interest rate subsidies are nothing but "free stuff" giveaways to buy votes, and should be eliminated entirely.

    a. The federal government has no business being involved in student loans at all. If it does not make sense for a lender to make the loan, then let the person (or family or friends) save up until they can go to school. Get a job, several jobs and work your way through school, like thousands of others have done.

    b. The problem with repaying a student loan is not if the interest rate is 3.4% or 6.8%, it is the fact that people are borrowing huge sums of money.

    c. How many people really need to go to college anyway, and will benefit from it enough to justify the investment? Too many go and waste 4, 5 or more years pursing a degree in feminist literature, or African music, or community organizing or other majors for which there is no actual employment opportunity.

  • george of the jungle goshen, UT
    June 29, 2013 8:24 a.m.

    Back in the day when 17% was the interest for a home student lones was about 5%. Every thing has gone south.

  • My2Cents Taylorsville, UT
    June 29, 2013 3:42 a.m.

    Don't these people have any concept of reality or feasible or financial skills? Government subsidies are not a solution to economic hardships and are not permanent to any budget. The congress is acting responsible, maybe these story writers should do the same.

    Its become a fact that the college education programs are a failure and selling education like it is an commodity with lies and misinformation of snake oil salesman. What the schools are selling as viable education is viable lies for non existent jobs.

    Just because a job involves the use of digital data does not make it technical or skilled or college level educations. College education should be transferable from job to job, but its not. College has become junior college training for specific jobs, Job Core jobs. I feel sorry for the young people who have been entrapped by the lies of "for" profit Job Core colleges and devious federal funding.

    Personal debts have been a fake plan to keep young people from looking for a job and help the struggling financial industry trying to maintain a debt based economy. Student are winners for staying out of debt and schools.