General Discussion

Thtwudbeme

(7,737 posts)

85. MORTGAGE rates are currently lower.

Thu Apr 14, 2022, 01:09 PM

Apr 2022

Here are the rates for SL's right now:
The interest rates for all new federal direct undergraduate student loans are 3.73%, up from 2.75% in 2020-21. Unsubsidized direct graduate student loan rates are 5.28%, up from 4.30%. Rates for PLUS loans, which are for graduate students and parents, are 6.28%, up from 5.30%.

I am really interested in knowing why you are splitting hairs on this issue. Students today do not have the options of the cheap (albeit often crappy) housing around universities in the 60's and 70's. Tuition is obviously more expensive- but, so are food/ textbooks (no, they are NOT all ebooks- I am a librarian), clothing, transportation etc.

"Boomers" and I AM one- did not need to have cell phones, nor did we need laptops to write papers on. PLEASE do not tell me the library has computers- I surely do not want to hear that one as I am a librarian and am well aware of the numbers of computers to students on campus.

Is there a reason you don't think student loans should be forgiven?

No one is suggesting that you did not work hard- however you did not have even close to the same economic obstacles these kids are facing today.

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When people don't support student debt relief. [View all] Sympthsical Apr 2022 OP

Disagree eom JustAnotherGen Apr 2022 #1

I had to suffer thru chemo and radiation treatments... ret5hd Apr 2022 #3

I have to suffer through the John Lewis Voting Rights Act not being JustAnotherGen Apr 2022 #16

Non-Whites don't have student loans? Cuthbert Allgood Apr 2022 #24

Make sure we don't do anything to make young people... ret5hd Apr 2022 #44

That's compelling. Cuthbert Allgood Apr 2022 #8

LOL +1 Emile Apr 2022 #70

Rich people just laugh, Ah the little people fighting over crumbs again, SWEET! RANDYWILDMAN Apr 2022 #82

Well inthewind21 Apr 2022 #101

And -- Sure we can cancel the debt, but the problem will recreate itself SYFROYH Apr 2022 #2

But things worked out fine the last time loans were forgiven. Farmer-Rick Apr 2022 #39

Here are some good facts about those with student loan debt. Some definitely need help. Others Hoyt Apr 2022 #4

That's kind of eye opening. Scrivener7 Apr 2022 #18

another fact: 87+ universities support 260+ xlimbaugh stations that howl against student debt relief certainot Apr 2022 #43

I don't think people are clamoring for free stuff Skittles Apr 2022 #5

A moratorium on interest rates would be a huge help. SergeStorms Apr 2022 #41

And believe me, they have you roped in forever unless you can pay it off in a few years, which very smirkymonkey Apr 2022 #58

Those don't really compare well. Gidney N Cloyd Apr 2022 #6

The comparison is dead on kcr Apr 2022 #14

Resentful old people?? Wow. 🙄 Budi Apr 2022 #21

Old people can't be resentful? kcr Apr 2022 #25

College loans cannot be pigeonholed into an age demographic. Budi Apr 2022 #27

You are absolutely right. Look at the comic in the OP again kcr Apr 2022 #29

Yes. Budi Apr 2022 #31

I disagree. As I'm reading it: Gidney N Cloyd Apr 2022 #28

If you point out how they can benefit kcr Apr 2022 #32

But it's not old people. It's mostly young people that are resentful . And this isn't that big an JI7 Apr 2022 #61

Yes, if it was such an important all-or-nothing single issue matter Warren or Sanders betsuni Apr 2022 #63

And if inthewind21 Apr 2022 #102

Then why does anyone think Biden can do it, or imagine he promised to? betsuni Apr 2022 #104

How about this? smirkymonkey Apr 2022 #7

Charge a small service fee at the outset then don't charge interest. Gidney N Cloyd Apr 2022 #13

Grade A sophistry BannonsLiver Apr 2022 #9

What I DON'T support is... Mister Ed Apr 2022 #10

Do they know that Republicans will never ever ever do anything about student loans? betsuni Apr 2022 #48

I think they are influenced by social media. Mister Ed Apr 2022 #49

+1 betsuni Apr 2022 #52

Yup, that selfishness is an ugly side of human nature - and can be exploited Amishman Apr 2022 #11

Yes, and not just for student debt kcr Apr 2022 #17

And for those who scrimped and saved and worked to fund their education too. Pobeka Apr 2022 #23

I am sorry, but the "prize" you got for that Thtwudbeme Apr 2022 #80

Disagree Thtwudbeme Apr 2022 #67

you are the selfless exception; most people are stupid selfish assholes Amishman Apr 2022 #72

Probably the bankruptcy laws should be changed to help Tomconroy Apr 2022 #12

Totally agree. Student loans should be dischargeable in bankruptcy. Hoyt Apr 2022 #19

The bankruptcy laws that a certain senator from Delaware progressoid Apr 2022 #47

It's troubling to me that the root problem is not even addressed as the problem themaguffin Apr 2022 #15

+1. nt Pobeka Apr 2022 #22

It was repeatedly addressed Voltaire2 Apr 2022 #68

That's now what I was referring to themaguffin Apr 2022 #74

Nope. Bad analogy. REALLY bad analogy. Pobeka Apr 2022 #20

I agree. It is a terrible analogy. SoonerPride Apr 2022 #30

People with college degrees don't have kids or grandkids? kcr Apr 2022 #33

*retroactive* -- meaning, happening based on past activities. Not future scenarios. Pobeka Apr 2022 #34

No one in the future could ever possibly benefit from debt forgiveness? kcr Apr 2022 #35

The question is not about the future. Pobeka Apr 2022 #38

This kind of attitude plays into the hands of the right wing rich DSandra Apr 2022 #26

Bingo inthewind21 Apr 2022 #103

it is only going to get worse, as the costs spiral upward and the interest charged increases Celerity Apr 2022 #36

I will say this The Jungle 1 Apr 2022 #37

The difference is that the guy in the top left corner may be paying higher taxes pnwmom Apr 2022 #40

We Baby Boomers did just fine with our student loans because....... Farmer-Rick Apr 2022 #42

Obviously, you don't remember student loan interest rates in 1970-1980s. Hoyt Apr 2022 #45

Obviously you don't understand how old most Baby Boomers are Farmer-Rick Apr 2022 #53

Went earlier than you. Like me, you probably wouldn't have borrowed Hoyt Apr 2022 #54

Well, no one really needed to borrow that much. Farmer-Rick Apr 2022 #56

Don't think median household income has stagnated. If you can't see Hoyt Apr 2022 #57

So, I was right, there are no 1970 rates at your link Farmer-Rick Apr 2022 #62

Forgot to give you a link: Thtwudbeme Apr 2022 #66

Thanks for the support Farmer-Rick Apr 2022 #76

The internet isn't really "scrubbed" for nefarious reasons Thtwudbeme Apr 2022 #77

Good point Farmer-Rick Apr 2022 #78

Let me see if I can find it. I am a librarian Thtwudbeme Apr 2022 #79

Thanks so much Farmer-Rick Apr 2022 #81

No, you were wrong. You just won't admit that current rates are damn low compared to previous years. Hoyt Apr 2022 #83

And you don't want to admit that students have to Thtwudbeme Apr 2022 #86

Since we don't have the 1970s numbers Farmer-Rick Apr 2022 #99

Be glad to see what you think they were. We know what borrowers Hoyt Apr 2022 #100

Wrong. Student loans did NOT track "general interest rates" Thtwudbeme Apr 2022 #64

Yeah I was trying to remember my rate. Voltaire2 Apr 2022 #71

Interest accrues now Thtwudbeme Apr 2022 #73

Interest was deferred until 6 months after graduation Farmer-Rick Apr 2022 #75

Pell covered all of my tuition Voltaire2 Apr 2022 #105

And current rates are much lower that 6% to 10% Hoyt Apr 2022 #84

MORTGAGE rates are currently lower. Thtwudbeme Apr 2022 #85

Fact is, most outstanding student loans are held by people who can pay them. Those that can't Hoyt Apr 2022 #87

OK, so let's take a look at your fictional Dr. who financed his education with loans Thtwudbeme Apr 2022 #88

Sorry, that's laughable. If the doc just couldn't make it on $200K a year, paying $15K toward his Hoyt Apr 2022 #89

ahhh but, our Doc is making LESS than 200K a year Thtwudbeme Apr 2022 #90

No, you seem to be out of touch. Anyone making $15+K a month can afford to pay $1K or $2K toward Hoyt Apr 2022 #91

New Doc's are living on about 8K a month- and that's if they are close Thtwudbeme Apr 2022 #92

Absolutely untrue. 95% of new physicians -- MDs, not chiropractors -- earn more than $8000 month. Hoyt Apr 2022 #94

BTW, I too watched Northern Exposure Thtwudbeme Apr 2022 #93

Joel ain't your typical physician. Hoyt Apr 2022 #95

Then tell me about your fantasy of a Dr. who recently got his first job Thtwudbeme Apr 2022 #96

Typical doc in their first job is going to make $15+K a month. Hoyt Apr 2022 #98

You are correct Thtwudbeme Apr 2022 #65

Exactly. Voltaire2 Apr 2022 #69

To me, it's simple. Voters who vote reliably get priority over those why don't gulliver Apr 2022 #46

hmm, only one of ForgedCrank Apr 2022 #50

Maybe it would feel more fair to those people Tree Lady Apr 2022 #51

Lot of yipping and yapping going on. Autumn Apr 2022 #55

Apparently, there are a lot more Bettie Apr 2022 #59

Can one person tell me why it wouldn't make sense to discharge the remaining loan amount for those smirkymonkey Apr 2022 #60

Make student loans 0%!!! Bluesaph Apr 2022 #97