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Political Discussion
Reply to "Trump will rollback student loan forgiveness"
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[quote=Anonymous][quote=Anonymous]I just don't understand why federal student loans have a high interest rate. There should be a minimal interest rate. What is the reasoning for charging so much?[/quote] Because so many aren't paying back the loans, you have to raise interest rates on others to account for the risk. If we went back to private bank loans without the government, perhaps they would give lower rates for those they consider less of a risk.[/quote]
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