Student Loans

The federal government is considering ending fixed rate loans for students. At a time when student loans can be gotten for 3%, there is a good chance many students will take out loans that ultimately are erased simply by inflation. Instead, the new Higher Education Act is seeking to make all student loans variable rate interest.

At a time when more students are taking out more debt, why are worrying about fixed rate vs, variable rate? Why not focus on providing grants and lowering costs of college tuition, at least at Public Universities.

At this rate, the Chinese will not only out number us, but out smart us too.