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April 24th, 2012
04:03 PM ET
Student loan interest rates to rise
Brooke Baldwin talks to a University of North Carolina senior about student loan interest rates which will double this Summer unless legistaion is passed to extend the 2007 College Cost and Reduction Act. Domonique Garland tells Brooke that she and her sister rely on student loans and keeping student loan interest rates down is the only way she can fulfill her dream of becoming a teacher.
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Many people make a living on being a long term (professional) student and do not intend on paying back their loans. Wait 7 years and they could be cancelled
Obama is telling college students we need to pay off their student loans because we need the students to get the economy going. NO. When( or IF) if they graduate they will increase the unemployed. They need JOBS!! JOBS!! Private sector, long term JOBS!!. Why don't the students try working in fast food, Walmarts or the many available low skilled jobs while they go to school part-time like I did. I guess because many feel entitled and want what they want NOW.
Obama tells college students we should pay off their loans, we need them to get the economy going. After graduation, chances are many will increase unemployment. Instead of getting loans( many never paid off) why not take one of the many available low skill jobs and go to college part-time like I did?
I volunteer to vote for any candidate who granted loan forgiveness program. I do not care if you are republican or democrat who agree to forgive loan to all students. There are no jobs out there and the loan Interests keep accumulating even when one applies for deferment.