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> I would be a lot more for reducing the interest rate to 1% on all of these loans. You should not have money forgiven that you used [...] Any reason why? Why

> I would be a lot more for reducing the interest rate to 1% on all of these loans. You should not have money forgiven that you used [...] Any reason why? Why should education be this expensive to begin with? Why make students work 2 jobs while having college? Here in Germany we have a student loan model, where as long as your making progress in Uni, you get around 1.3k a month, only have to pay back at most 10k with 0%. Oh and if you pay all at once you can get up to 50% cheaper. So why should students be forced into 30k dept with crazy interest rates, just because they wanted to study something? Genuinely curious

j_walter 3y ago
They aren't forced...but they make choices to do so. Why go to a community college for cheaper when you can get a big loan to go to a really expensive school that you can't afford. Luckily with the internet you can study a lot of things for free...no need to pay some overpriced college anymore. Also, does everyone get to go to university in Germany or are there restrictions on who gets to go? In the US you basically just have to have a HS diploma and money to go...
- anonymouskimmer 3y ago
  > Why go to a community college for cheaper when you can get a big loan to go to a really expensive school that you can't afford. 1) Quality of the classes (most classes at all schools are pretty much made to fit the abilities and interests of the average student, which can be a big negative in transferring or even getting hired.) 2) Time to, and odds of, completion can lower for CC > Uni transfers, mostly depending on how well the 4-year schools partner with CCs in enabling transfers. > Luckily with the internet you can study a lot of things for free...no need to pay some overpriced college anymore. It's only rarely about what you know. The first step in the door is often gate-kept by a credential requirement.

j_walter 3y ago

They aren't forced...but they make choices to do so. Why go to a community college for cheaper when you can get a big loan to go to a really expensive school that you can't afford. Luckily with the internet you can study a lot of things for free...no need to pay some overpriced college anymore. Also, does everyone get to go to university in Germany or are there restrictions on who gets to go? In the US you basically just have to have a HS diploma and money to go...

anonymouskimmer 3y ago
> Why go to a community college for cheaper when you can get a big loan to go to a really expensive school that you can't afford. 1) Quality of the classes (most classes at all schools are pretty much made to fit the abilities and interests of the average student, which can be a big negative in transferring or even getting hired.) 2) Time to, and odds of, completion can lower for CC > Uni transfers, mostly depending on how well the 4-year schools partner with CCs in enabling transfers. > Luckily with the internet you can study a lot of things for free...no need to pay some overpriced college anymore. It's only rarely about what you know. The first step in the door is often gate-kept by a credential requirement.