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Will there ever be a student loan bailout? - Page 15

post #281 of 282
I don't forsee a bailout the likes of the bank one or the one for the auto makers... perhaps if the government would re-evaluate the interest rates on the loans it would help, especially in this time of economic turmoil. I find it appalling that student loan interest rates over 5% are being charged when the LIBOR rate is under 1%. JMHO.

I have a boatload of loans. I will begin repayment in December and I'm worried about making the payments. As much as I would love to have my loans disappear, I do owe repayment. I will repay them. I am thankful that the new repayment dependent on income kicks in in July - it just may keep us off of the welfare roles. Because of the size of my loans, I have a 30 year repayment program. Our plan, based on averages/projections/estimations, should allow us to repay the loans in under 10 years. Of course, should Uncle Sam offer to bail me out, I am not going to say no.
post #282 of 282
Quote:
Originally Posted by Dmitrizmom View Post
I find it appalling that student loan interest rates over 5% are being charged when the LIBOR rate is under 1%. JMHO.

This is what I'm thinking, too.
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