News for hackers. Stuff that matters.

A comment on More Than 40% of Student Borrowers Aren’t Making Payments. Parent comment

Re:More Than 40% of Student Borrowers Aren’t Making Payments by dragontamer on Wednesday April 06, 2016 @07:20PM (#11443157)
Without help from the government, those loans would have never happened at those rates.

If you don't like FAFSA loans, you are perfectly willing to go to any bank (or maybe a rich uncle) and get another loan (or convince your rich uncle to bankroll you). But for the vast majority of people, FAFSA is the only way to pay for college.

And taking out 8% or 9%+ loans from NON-FAFSA institutions is a lot worse than taking a 6% to 7% FAFSA loan. I think funding the loans and keeping interest rates lower is a good thing.

[ Parent | on HN ]
Re:More Than 40% of Student Borrowers Aren’t Making Payments by mountaineer22 on Wednesday April 06, 2016 @09:02PM (#11443799)
It is an artificial government subsidy, used to fund "non-profit" real estate development.
[ Parent | on HN ]