Lower student loan rates do not necessarily mean less student debt

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  • worf Mcallen, TX
    Aug. 16, 2013 10:17 a.m.

    Relying on the feds causes stress.

    With patience, motivation, and creativity, any person can make it through college without begging uncle Sam.

  • the old switcharoo mesa, AZ
    Aug. 15, 2013 9:18 a.m.

    It's not student debt that's the real problem. It student debt payments that take 30 years to pay off because of the interest.

    Don't try to put perfume on the fact that student interest rates just doubled while banks still get to borrow money for pretty much free. The student pays $500 a month and $400 of it goes to interest straight to the bottom line of a bank that got the money nearly free from a government that created it from thin air.

    Congress obviously serves banks not the people. The people's approval of congress is about 10%? Congress approval amoung the banks is 100%!