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Student Loan Interest Rankles College Grads
theodp writes "Like many recent college grads, Steven Lee finds himself unemployed in one of the roughest job markets in decades and saddled with a big pile of debt — he owes about $84,000 in student loans for undergrad and grad school. But what's really got Lee angry are the high interest rates on his government-backed student loans. 'The rate for a 30-year mortgage is around 5%,' Lee said. 'Why should anyone have to pay 8.5%? The government has bailed out homeowners. It's bailed out big businesses. Why can't it also help students?' Not only that, federal student loans are the only loans in the nation that are largely non-dischargeable in bankruptcy, have no statutes of limitations, and can't be refinanced after consolidation, so Lee can forget about pulling a move out of the GM playbook. And unlike mortgages on million-dollar vacation homes, student loans have very limited tax deductability. A spokeswoman for the Department of Education blamed Congress for the rates which she conceded 'may seem high today,' but suggested that students are a credit-unworthy lot who should thank their lucky stars that rates aren't 12% or higher. Makes one long for the good-old-days of 3% student loans, doesn't it?"
You are one what? You are a federal government? Or you are a loan forgiveness program?
Right, so we should sacrifice the quality of our education for a cheaper one by going to Buttfuck State. Gotcha.
Is their earning potential at the moment is not so much, but they're chock full of organs! And they're hardly even using a lot of them! Perhaps they could turn this organ surplus to their advantage somehow...
I'm trying to teach myself to set people on fire with my mind... Is it hot in here?
Unless you're Thrawn, I doubt an art history degree is going to be useful.
Physics and maths are just theory, they have no economic value at face value and anyone who thinks otherwise is a moronic anti-intellectual who has no idea what either of those is or does. Also, someone who doesn't understand the meaning of economic value.
I sense a contradiction here.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
It wasn't Lennon, it was McCarthy.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
Should be sterilized until repayment is complete? Hold on to children as collateral?
Three more payments and this baby is mine!
I drank what? -- Socrates
I am the walrus.
Another lesser known factoid: the cost of ammunition always increases with the frequency of zombie outbreaks:
http://www.google.com/search?hl=en&q=Cost+of+ammunition+increases+with+frequency+of+zombie+outbreaks