Law School Discussion

Off-Topic Area => Politics and Law-Related News => Topic started by: dsong02 on June 07, 2004, 08:30:25 AM

Title: Proposal May End Fixed-Rate Student Loans
Post by: dsong02 on June 07, 2004, 08:30:25 AM
might be of interest to some of you...

http://www.newsday.com/news/politics/wire/sns-ap-student-loans,0,4217773.story
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: jgruber on June 07, 2004, 08:33:07 AM
And who is this supposed to help?

I have a hard time with this sort of thing when politicians yack about how important education is.

We cut funding to education, raise tuition and expect students to borrow astronomical amounts.

If education is important, then let's fund it.  Dammit.
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: dsong02 on June 07, 2004, 08:35:12 AM
And who is this supposed to help?

I have a hard time with this sort of thing when politicians yack about how important education is.

We cut funding to education, raise tuition and expect students to borrow astronomical amounts.

If education is important, then let's fund it.  Dammit.

exactly what i was thinking.  and interest rates are bound to go up...

Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: Ginatio on June 07, 2004, 08:37:23 AM
Exactly. This is probably just another example of Bush administration pork-barrel politics. I'll bet some campaign contributors of his are in the financial sector, and more particularly, in the educational loan business. Creditors have a lot to lose by giving fixed interest rate loans at today's interest rates. There's already a common agreement that the Fed is going to increase rates over the next year, and rates will probably continue to rise. This is just creditors hedging their interests at the expense of the public.

And who is this supposed to help?

I have a hard time with this sort of thing when politicians yack about how important education is.

We cut funding to education, raise tuition and expect students to borrow astronomical amounts.

If education is important, then let's fund it.  Dammit.
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: jgruber on June 07, 2004, 08:45:09 AM
FREE LAW SCHOOLS!  Students of American unite; you have nothing to lose but your tution.
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: Jeremy on June 07, 2004, 08:53:35 AM
I have a friend that has a cousin that lives in in Georgia and according to him, if you live in Georgia...your college is paid for.  That's an idea I think that every college could adopt...if they wanted to.  But, the financial institutions that have this country by the balls would lose billions in lost loans...so I don't see free college ever happening.  :(
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: Ginatio on June 07, 2004, 08:55:46 AM
come the revolution! vive la resistance!
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: dsong02 on June 07, 2004, 08:58:49 AM
I have a friend that has a cousin that lives in in Georgia and according to him, if you live in Georgia...your college is paid for.  That's an idea I think that every college could adopt...if they wanted to.  But, the financial institutions that have this country by the balls would lose billions in lost loans...so I don't see free college ever happening.  :(

are you talking about in-state tuition to state schools?  or even private schools there like scad or emory?
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: jgruber on June 07, 2004, 09:02:17 AM
I don't think that is quite true.  It sounds like rhetoric.  For example what does paid for mean?  Some schools do not charge tuition for in-state students, but there are hefty fees that come very close to the amount you'd expect for tuition.

And then there's the Tennessee B.S.  They started a lottery to provide 3,000.00 scholarships to in-state students, but then they've raised the tuition every year


I have a friend that has a cousin that lives in in Georgia and according to him, if you live in Georgia...your college is paid for.  That's an idea I think that every college could adopt...if they wanted to.  But, the financial institutions that have this country by the balls would lose billions in lost loans...so I don't see free college ever happening.  :(
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: Jeremy on June 07, 2004, 09:06:51 AM
I don't think that is quite true.  It sounds like rhetoric.  For example what does paid for mean?  Some schools do not charge tuition for in-state students, but there are hefty fees that come very close to the amount you'd expect for tuition.

And then there's the Tennessee B.S.  They started a lottery to provide 3,000.00 scholarships to in-state students, but then they've raised the tuition every year


I have a friend that has a cousin that lives in in Georgia and according to him, if you live in Georgia...your college is paid for.  That's an idea I think that every college could adopt...if they wanted to.  But, the financial institutions that have this country by the balls would lose billions in lost loans...so I don't see free college ever happening.  :(

According to him, his tuition was paid for.  He could go to school full time and only pay fees.  The hourly rate was paid for if you were a Georgia resident for at least 1 year or something like that.
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: dsong02 on June 07, 2004, 09:14:51 AM
I don't think that is quite true.  It sounds like rhetoric.  For example what does paid for mean?  Some schools do not charge tuition for in-state students, but there are hefty fees that come very close to the amount you'd expect for tuition.

And then there's the Tennessee B.S.  They started a lottery to provide 3,000.00 scholarships to in-state students, but then they've raised the tuition every year


I have a friend that has a cousin that lives in in Georgia and according to him, if you live in Georgia...your college is paid for.  That's an idea I think that every college could adopt...if they wanted to.  But, the financial institutions that have this country by the balls would lose billions in lost loans...so I don't see free college ever happening.  :(

According to him, his tuition was paid for.  He could go to school full time and only pay fees.  The hourly rate was paid for if you were a Georgia resident for at least 1 year or something like that.

weird...i used to live in ga until my jr year of hs...and i never heard of that.  all instate schools in ga charge instate tuition.  it might be very small, but its comparable to other instate tuitions from other states.
Title: Re: Proposal May End Fixed-Rate Student Loans
Post by: buddha on June 07, 2004, 09:19:27 AM
Here's the deal on Georgia.  We have a program called Hope that uses lottery funds to help fund college and pre-k.  But as they say here's the rub.  In order to get Hope you must accept other FinAid that's offered to you first, including student loans.  And of course Hope is not for Grad school.