I came across two
interesting articles in Time via Google
News (my favorite time
waster).
The first talks about the political debate around changing the interest rate on subsidized Stafford loans. As you know you can't get these anymore. The program was discontinued last year in budget cuts. But for those who got 'em while they were hot the current debate is on moving their interest rates from 3.4 to 6.8%. Which Time rightly points out, is doubling their interest rate to ... a still below market rate.
The second talks about a fascinating niche - senior citizens with student loans. Unfortunately Time couldn't seem to find one of this rare breed to interview and they don't do much more than throw around one or two facts and a heap of hypotheses and ancillary information, but I didn't even realize that this group existed.
Bonus: Time declares 200,000 the new 100,000. And my 10 year old, 145,000 mile car is officially below average.
The first talks about the political debate around changing the interest rate on subsidized Stafford loans. As you know you can't get these anymore. The program was discontinued last year in budget cuts. But for those who got 'em while they were hot the current debate is on moving their interest rates from 3.4 to 6.8%. Which Time rightly points out, is doubling their interest rate to ... a still below market rate.
The second talks about a fascinating niche - senior citizens with student loans. Unfortunately Time couldn't seem to find one of this rare breed to interview and they don't do much more than throw around one or two facts and a heap of hypotheses and ancillary information, but I didn't even realize that this group existed.
Bonus: Time declares 200,000 the new 100,000. And my 10 year old, 145,000 mile car is officially below average.
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I think I've read something about the Stafford loan in some smart tuition complaints website, and I must say that students, especially those with existing loans, have been discussing about the changes in the interest rate.
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