House Committee Votes to Make Student Loan Consolidation More Expensive
The US House Education Committee has voted to raise the interest rate on fixed rate student loan consolidation. The committee's explanation for the rate hike was that it would help to decrease the national debt.
Hmmm...Something doesn't smell right to me. The House Education Committee expects me to believe that making it even more difficult for college grads to payoff their student loan debt is worth the resultant miniscule savings for the national economy? I don't think so!
Click here for more reading on this topic.
Hmmm...Something doesn't smell right to me. The House Education Committee expects me to believe that making it even more difficult for college grads to payoff their student loan debt is worth the resultant miniscule savings for the national economy? I don't think so!
Click here for more reading on this topic.
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posted by Steve Brown | 7/26/2005 03:08:00 AM
1 Comments:
I wonder if they have figures to back this claim up. I can't imagine that raising up the interest a couple of percent could even cause a speck in the national debt.
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