3.4 or 6.8 what should we be charging students in interest on their loans.....we all know how easily they find jobs once they are done with schooling and how responsible they have become after 4 years of college.....
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Comments
There's an article on Yahoo news today about the interest not being the issue. The real crisis, according to the article, is the cost of college. http://finance.yahoo.com/news/debate-over-student-loan-interest-212...
I agree with you a hundred percent Cheryl, I was deeply in dept when I got out of college and the compounding of the interest was by far the aspect I hated the absolute most of my dept....
I read this yesterday. The difference in interest equates to $1,000 a year extra. Then I suppose there is interest on the interest. Compound interest should be outlawed.