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The US has a very complicated system of multiple, income-based, student loan repayment schemes[1]. 20 to 25 years of repayment based on many factors. It is so c
by nickjarboe 10y ago
The US has a very complicated system of multiple, income-based, student loan repayment schemes[1]. 20 to 25 years of repayment based on many factors. It is so complicated the government has created a "Repayment Estimator"[2] to help people choose the best plan. At a glance it looks similar to the New Zealand 8%. Seems like most systems evolve to where they are impossible for a human understand. See tax code, social security, Obamacare, etc.
[1] https://studentaid.ed.gov/sa/repay-loans/understand/plans https://studentaid.ed.gov/sa/repay-loans/understand/plans
[2] https://studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.action https://studentloans.gov/myDirectLoan/mobile/repayment/repay...
- Daishiman 10y ago> Seems like most systems evolve to where they are impossible for a human understand. See tax code, social security, Obamacare, etc. That's because the US is characterized by a Republican party with wholly obstructionist goals which make the worst possible consessions for those who do wish for an effective social safety net to be in place, effectively being able to say "I told you so" when the watered-down systems inevitably fail. In countries where those systems are not points of contention they end up working quite well. See the German education system, NHS, and a long list of other programs around the world.
- rayiner 10y agoThe German system would never mix with American optimism. Germany has a fewer percentage of its students going to university. Kids are aggressively tracked from an early age into seperate tracks, most of which don't lead to college. And German universities aren't luxurious four year vacations like American universities are.
- Sacho 10y agoWhat would an effective social safety net look like in this case, without Republican party interference?