Forum Post: How can I add this demand to the list of demands?
Posted 13 years ago on Oct. 19, 2011, 3:15 p.m. EST by rkaddoura
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1- All students loans have to be interest free (zero interest) loans, the government has to charge only loan service fee for documentation, collection, and other related services.. Services fees not to exceed 1 % annually of the loan value.
2- The government prints the money and gives the money to students.
3- The loans should not be subsidizes which means the source of the loans should not be from the lenders where the government pays the interests to the lenders on behalf of the students.
4- All students who have students loans from the past with interest the government should pay off their loans immediately to the lenders and carry their loans interests free as of the above.
5- All students have to be qualified for interest’s free loans regardless of their income, or family income high or low. Their credit as long s they have proof that they are studying and the money is for education.
6- Loans should be available for all sorts of educations.
7- Students to pay their loans after getting hired
Most people will never go to college.
The real question for students is why did you get a loan in the first place? Because you thought you could earn a better living with a degree than without one. Sometimes that means the job you want requires a degree, sometimes it means it requires an education. So there are several way to pay for an education once you decided you will be better off with one.
Number 4 is the most expensive way to go. But if you feel your income increase due to an education or that your happiness that is derived from doing something love is worth it...borrow the money...
After you make that commitment....live up to it....
When you get what you wanted don't try to reneg on your commitment...
It's call integrity... don't leave home without it....
Absolutely not. Too many loopholes written right in. The occupiers will not be placated.
Don't you think that colleges should stop wifi in every building, stop the fast food in the dorms and reduce the salaries of professors, grad assts and administration? That would do more to reduce the cost of the loans than changing the interest rate. The problem isn't the rate, it is how much was borrowed in the first place... 5% on $10K is a cheaper than 1% on $100K