Re:Oregon Explores Novel Way to Fund College
by zackmorris on Friday July 05, 2013 @02:33PM
(#5996129)
Am I the only one reading most of these comments and thinking that everyone has completely missed the point? That paying back student loans as a percentage of income instantly relieves the crushing burden of paying back a fixed dollar amount per month?
Hasn't anyone else put off starting their own business because even a few hundred dollars a month severely impacted their burn rate? I still owe over $8000 even though I graduated from college in 1999. I could write a check for that today, but there was a period in the early 2000s where I was so destitute that my student loan payment was more than my rent! I would literally be living a different life today if the proposed repayment plan had been mainstream when I graduated. I can't even imagine the ramifications of that, times a million other entrepreneurs. Where has our vision gone?
Hasn't anyone else put off starting their own business because even a few hundred dollars a month severely impacted their burn rate? I still owe over $8000 even though I graduated from college in 1999. I could write a check for that today, but there was a period in the early 2000s where I was so destitute that my student loan payment was more than my rent! I would literally be living a different life today if the proposed repayment plan had been mainstream when I graduated. I can't even imagine the ramifications of that, times a million other entrepreneurs. Where has our vision gone?