Reply to student loans...what will happen when payments start

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For those who don’t understand why student loans are different: 1) they loaned to risky candidates who had low chances of being able to repay 2) they charged extremely high interest rates 3) the interest compounds (unlike a mortgage) 4) they are not dischargeable by bankruptcy or even at death.

So quit comparing to a mortgage.[/quote]

Absolutely correct.

On top of soaring costs for college, the federal government further fueled higher education costs by handing out money to any college student without qualification at continuously compounding interest rates which were unjustified for the minor level of risk. What the federal student loan program did to graduate and professional students was far worse due to the amounts involved.

The US government federal student loan program placed many into debt for life.[/quote]

How much of this is the actual federal student loans vs. Parent Plus and private loans that are getting people into trouble? Because the 4-year limits on the federal loan amounts a student can take out are pretty reasonable provided you actually graduate with a degree.  The problem is that that amount is not enough to cover what many need and they keep borrowing.  I had private loans for undergrad and honestly that was what really stressed me out- thankfully my parents were able to help me out with the payments when I was in grad school (which thankfully was feee because I had an assistantship).[/quote]

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