4 ms·
Remove all charges on the debt associated with interest growth over 2-3% per year. Limit all new student debt to a maximum of 2-3% interest. Cap tuition every
by Ancalagon 2y ago
Remove all charges on the debt associated with interest growth over 2-3% per year.
Limit all new student debt to a maximum of 2-3% interest.
Cap tuition everywhere - you could ease into this by the federal government steadily decreasing caps and simultaneously reducing loan amounts.
Put everyone on an income-based payment plan with a guaranteed 10-year payoff timelimit if they make all their payments (reasonable forgiveness on timely payments but more than a month late or so and that gets added on to the end of the 10-year limit).
Not easy for any party, but pretty fair IMHO.
- Ekaros 2y ago2-3% is currently too low. I say just cap it to FED rate + 1%. After all it is government backed so rate should be same as fed rate.