Should students get the same interest rates on loans as big banks?

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Should students get the same interest rates on loans as big banks?

YES! We should be investing in our future leaders.

33%

NO! Education should be free

67%

Asked on May. 9, 2013 11:53 am

Comments

Professor Smartass 13 years 11 weeks ago

I would rather have education be free, but until it is, we should support Elizabeth Warren's bill to give us the same interest rates the banks on Wall Street get.

Sign a White House petition asking the president to back it.

The petition

support Elizabeth Warren's bill to give student loans same interest rate banks get from Federal Reserve: 0.75%

With some student loan rates set to double on July 1 -- from 3.4 percent to 6.8 percent -- Warren's bill would reduce student loan interest rates to 0.75 percent, opening the Fed's discount window to students.

This should be done to all existing student loans as well as new ones going forward.

This would free up money that would flow back into the economy in consumer buying, including things like first time home-buying.

Wall Street banks are getting those low rates to help them recover from the consequences of their own irresponsible and fraudulent behavior that crashed America's and the world's economy.

The only crime of most college students and graduates is wanting an education and a middle class standard of living.

We deserve at least as good a deal as big banks are getting.

SIGN HERE

Feel free to copy and paste the text of the petition into an email to your senator and rep in DC.

agebel 13 years 11 weeks ago

I agree, education should be free. However until it is, or is a student needs a loan it should be at the lowest interest rate this country can afford.

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