Reply to Why is Biden extending the student loan repayment pause?

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[quote=Anonymous]Also, Trump, whom I despise with every fiber of my being, contemplated capping Parent Plus Loans. People complained that that would be a boon to private sector lenders like Discover or Wells Fargo. Sigh. I think the $27,000 limit is neither too high nor too low, as I bet if you did a study of people who took out  that much or less you’d find that they didn’t have much trouble paying it off as long as they graduated with their bachelors.

One of the real issues is that it isn’t financially realistic for every college to house every student and feed them without significant fees charged to the student, whether the student takes out loans or not. More students would probably be better suited financially and emotionally going part-time or taking like 13 credits at night while working and paying as they go, but that’s not the ethereal college experience. But colleges are judged on 4 year graduation rates. It’d be nice if more colleges could offer weekend and night classes, and I’m surprised there aren’t more professors and lecturers who’d prefer to teach at those times. I recall a community college that offered midnight classes in Boston.[/quote]

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