Reply to $100,000+ loan club

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Reply to "$100,000+ loan club"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]Count me in. I pay about $1,200/month on my loans. It sucks. I think it should be against the law for lenders to charge interest on student loans while students are still in college as that made up the bulk of my student loan payments last year.[/quote]

Why?  Do you not understand basic finance?  Interest is how lenders make their money.  Perhaps you should have considered all of these factors before you took out the loan.  You don't get to cry foul now that you have to accept the consequences of your actions.  [/quote]

I'm not crying foul.  I'm paying every penny back.  I just think that there should be a rethink of the student loan industry. :)[/quote]

Ugh! Making loans no-interest while a student is in school would distort the higher ed "market" even more than it is already. Thanks to easy loans, tuition is [i]ridiculously[/i] high now...it's a giant bubble that's got to pop sooner or later. That's why we're all suffering, not because we accrued interest on four years' worth of loans, but because of skyrocketing tuition costs in the last 2 decades.

And I say that as someone who works in higher ed. I'm all for affordable education, but anything that works to increase loans will bite us in the ass as a country in the long run -- all that happens is that private loan providers get rich.[/quote]

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