I have been talking with folks who kids are really suffering from outrageous interest rates on their student loans. WTF!
I am getting ready to lock in to a 4.3% mortgage rate and these kids are paying upward of 8% for their 50K student loans. This needs attention. The feds are bailing out the banks who then turn around and charge these usurious rates to kids who only wanted to get good degrees at good schools. Where is the Justice in this? Shouldn't our delegation look into this?
Add to that the fact these kids are underpaid or have no job at all and are going to have bad credit ratings because they cant make payments on time, or ever be able to put money aside for buying a home or starting a family. This is in addition to the deficit the kids will face paying off due to the greed of these bankers and Wall Street creeps. Where are the tar and feathers?