now you know why the house procrastinated interest rates.
The government records and documents student loans as a form of aid. Here’s a list of the ”amount of financial aid awarded to full-time, full-year undergraduates, by type and source of aid,” and loans are listed right next to grants. When pundits say that “student aid” has exploded over the past decade and argue that aid is driving increases in tuition, it disguises that the “aid” which has exploded is a signficant amount of debt for young people.I’ve taken out loans and received gifts. When I’ve signed up for, say, a car loan, I never went “Oh, you shouldn’t have” afterward, as if I had received a really nice birthday gift. I understood that the creditor wanted to lend me a certain amount of money at a certain rate, and I wanted to borrow it. Full stop. Unless the interest rate charged is purposely manipulated for some reason, there’s no reason to think of this as aid at all.Student loans are an economic transaction, the same as if the government had contracted out to build a bridge or hired a person to serve in the military or police force or be a teacher. The money spent here isn’t “aid.” Hiring someone to build a bridge exchanges labor for cash. Student loans exchange cash now for cash later plus interest. Those student loans would be underprovided without the government, certainly, but in the same way that bridges and law enforcement and other goods would also be underprovided if they weren’t done by government.
when there is money motivating a deal there is no consideration of your going to school and before you get your first job and check you owe your soul to the company store. demoralizing at best.
Let's leave aside the issue that the vision of education constrained by disposable income is Mitt Romney's vision that students should get "'as much education as they can afford." There's a bigger issue.
kinda tells you how much he and the republicans care about how much education you get but how much interest you pay.
