White House petition to lower student loan interest rate.

[white_wolf]

I personally think they should also make them able to be discharged in bankruptcy, but one battle at at time. Link:

https://petitions.whitehouse.gov/petition/lower-interest-rates-federal-student-loans/LG93ylqJ


Here is the article mentioned: http://www.huffingtonpost.com/2013/04/09/student-loan-rates-debt-economy_n_3048216.html

[patrice]

1. K&R & looking forward to that next battle on this. nt

[white_wolf]

3. The next battle.

I think the next battle should be a grace period. There is no reason to make the debt accrue interest while you are in school. Give people a chance to earn some money before you start adding on the interest.

[Art_from_Ark]

4. There is no longer a grace period?

That really sucks. When I got my NDSL (National Direct Student Loan), the interest rate was 3%-- and it did not start to kick in until I had been out of school for 9 months.

[white_wolf]

9. Interest rate is around 7% now and accrues while you're in school.

[Art_from_Ark]

10. That really sucks

And on top of that, tuition rates have increased dramatically since I was in college. I feel so sorry for you guys (and gals) who have to have that albatross strung around your neck.

[patrice]

6. We also need ALL of the re-training of every kind for everyone, so that these debts make economic

sense.

We really ought to just fund the education at least the same way that military is a given funding without question.

[Ilsa]

2. Done. nt

[reformist2]

5. We don't want lower rates, we want lower prices!

[white_wolf]

7. That'd be best. Like I said this is just a start.

The government should force tuition down to reasonable rates for public schools anyway. The organizations that govern professionals schools should as well (I'm looking at you ABA)

[patrice]

8. If you remind us of this petition's progress, I will re-share it each time. nt

[jemsan]

11. done!!