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1.2 trillion [1]. rates bounce around but 5% seems fair. It's a weird world when i can't tell if 60 billion dollars is a lot or not. One thing to keep in mind,
by jfoutz 11y ago
1.2 trillion [1]. rates bounce around but 5% seems fair. It's a weird world when i can't tell if 60 billion dollars is a lot or not.
One thing to keep in mind, they're young. If they save the extra money, they've got a loooong time for compound interest to work on those dollars.
[1] https://en.wikipedia.org/wiki/Student_debt#United_States https://en.wikipedia.org/wiki/Student_debt#United_States
- gherkin0 11y ago> One thing to keep in mind, they're young. If they save the extra money, they've got a loooong time for compound interest to work on those dollars. But isn't that the exact opposite of what you want to happen? It you want to stimulate the economy, you want people to spend more money now. College graduates taking the money they save from reduced loan payments and putting it in a 401k doesn't do that, but giving a formerly unemployed person a job so they can buy new clothes and a car does.