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Student loan bill a difficult but necessary step

July 31, 2013

WASHINGTON — The Senate recently faced a very difficult choice. When a July 1 deadline passed, the interest rate on federal student loans was set to double....

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(5)

Ann789

Aug-09-13 4:08 AM

Student debt problem is the most common problem today. The rates for the student loans are too high. It’s very difficult for student and their families to pay back this loan. Those who took student loan and don’t have enough money for paying back have to turn to <a href="*******britainloans.co.uk/">payday lenders</a>. Before you take student loan you should be sure that you can pay back it. If you won’t pay it back it will dig you into debts and the sum that you should pay it’s getting more and more huge. Hope that our government will pass the bill for decreasing the rates for student loans. Good luck and successful loans.

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Whizzywhig

Aug-04-13 12:24 PM

VauchE,

FINALLY, you've connected the DOTS.

congratulations !

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Whizzywhig

Aug-04-13 12:22 PM

Vauche,

YOU have hit upon our conundrum of the day:

"Where exactly is the incentive to keep rates down in this system?"

As with education, and the health-care business....

THERE ARE NO PRACTICAL "INCENTIVES"

for businesses and educational institutions to

"KEEP THE RATES,

or keep the costs DOWN" !

ONLY until we reward those who give the best PERFORMANCE,

for the LEAST AMOUNT of dollars spent,

RATES/COSTS will continue to

riSE.

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Vauche

Aug-02-13 4:48 PM

I should say incentive to keep tuitions down to avoid confusion with interest rates.

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Vauche

Aug-02-13 4:46 PM

Tough call here. I appreciate the need for these loans and keeping interests rates down to make paying these off easier.

However if the federal government stays in this business universities will keep hiking rates as they view this loan program as a money well that will never run dry. Raise the rates and the government just keeps loaning more and more.

Where exactly is the incentive to keep rates down in this system?

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