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Reply to "What is going on with student loans?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Canada with a novel idea. This ought to be retroactive too instead of young people trapped in usury for their entire adult life. [twitter]https://twitter.com/CQualtro/status/1642189960596844549[/twitter][/quote] This isn't a novel idea. It's been suggested many times, by many people, all over the place, including here. The interest rate on federal loans is absurdly high, and although I'm opposed to forgiveness, allowing rates to move down while maintaining federal benefits is a reasonable compromise.[/quote] It is not just that it is high. It is [i]daily[/i] compounding interest that begins when you take the loan out even though you are still in school unless it is subsidized. [/quote]
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