I read an article about the education bill where the Republicans want to increase the interest rate on student loans. Is that because they want only rich kids to be able to attend college?
From what I have read, the Democrat proposal is better for a few years but then it too becomes onerous.
Figures have shown the very large difference in income between high school and college level incomes over their working career.
In fact, even if the government gave them free loans, the revenue increase in income taxes would offset loan costs by such a degree that even free loans would benefit the treasury over the long haul.
Senator Warren has a good proposal. Give students the same rate as we gave the banks - .075 percent.
My thinking is if we can do a bunch of crooks a favor why not the students?
James O. Rye