this post was submitted on 11 Oct 2023
113 points (71.2% liked)
Asklemmy
43907 readers
956 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy π
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Why make it illegal? Why not offer only federal loans?
How about:
20 year loan, 4.125% fixed rate 30 year loan, 4.375% fixed rate
No early repayment penalties and maybe interest returned incentives for full repayment return before term at certain benchmarks.
The average debt for a 4-year Bachelor's degree is $34,700. At the end of 20 years the total repayment amount would be $36,131.375, 30 years would be $36,218.125.
Looks good to me.
Why not make it free? At the end of the education cycle the student will get a job and start paying taxes. Isn't that what society needs? Having educated people to do various jobs. Why putting that behind a crazy paywall?
Iβd be in favor of that too. My point was to highlight that itβs not the loans themselves that are the problem.