Re:The Student Debt Problem Is Worse Than We Imagined
by zaroth on Saturday August 25, 2018 @09:10PM
(#17843607)
I’m of a similar mind having worked hard to pay my way through undergrad over 6 years.
I would be OK with slashing interest rates. A loan which has such special status that it can’t even be cleared through bankruptcy should have a remarkably low interest rate.
Something like, every month you make your payment the interest is credited back to the principal. Or perhaps require 6 months of consecutive on-time payments after which interest goes to zero or 1% as long as you keep making regular payments.
I would be OK with slashing interest rates. A loan which has such special status that it can’t even be cleared through bankruptcy should have a remarkably low interest rate.
Something like, every month you make your payment the interest is credited back to the principal. Or perhaps require 6 months of consecutive on-time payments after which interest goes to zero or 1% as long as you keep making regular payments.