posted on Jun, 20 2013 @ 06:21 PM
Well, its not just the interest on loans that is an issue. I would be all for eliminating interest on loans.
Anyway, college isnt exactly affordable even with grants.
If you go to a community college you may be looking at about 450-500 per course.
affordable costs goals to broke folks, (normally (young adults) and adults) who are trying to get an education would be easily met if those classes
were capped at 150 dollars per class or so. If you want to begin to address the issue of loans, make college course prices lower. The less you have to
borrow, the less you pay back, and if you include no interest, then how much debt do you actually have? What is easier to pay? A loan with a low
principle and no interest or a loan with a high principle +interest due to high costs.
They could, if they chose and were able, just eliminate the interest entirely and forgive the standing accrued interest. Then work at lowering the
cost per course.
So I think the issue can be tackled, but people need to get off the greed ride.
edit on 20-6-2013 by Nephalim because: (no reason