Consumerism Commentary - Latest Comments in Congress Raises Student Loan Interest Rates

Re: Congress Raises Student Loan Interest Rates

FMF — Fri, 23 Dec 2005 17:10:05 -0000

No matter the increased cost, your advanced degree (if selected correctly) will still be well worth it because of the increased earning power it will generate.

Re: Congress Raises Student Loan Interest Rates

jim — Fri, 23 Dec 2005 15:36:18 -0000

The lack of engineers is not the fault of the US government, it's the fault of US companies and a child of the capitalist society we live in. Interest rates on loans of practically all kinds are at historic lows these last few years and the last few years is where we've seen the major slowdown in graduating engineers, so it's not the loans.

Re: Congress Raises Student Loan Interest Rates

Harlan Landes — Fri, 23 Dec 2005 11:57:40 -0000

As I found out this year, if a loan is still being disbursed, it is ineligible for consolidation.

Re: Congress Raises Student Loan Interest Rates

guyincognito — Fri, 23 Dec 2005 11:37:51 -0000

Most lenders will now allow you to consolidate early, before the new interest rates go into effect. In this way you can lock in your rate before the new rates kick in.

Re: Congress Raises Student Loan Interest Rates

Flexo — Fri, 23 Dec 2005 04:09:19 -0000

Retire, I agree. It doesn't bode well for the United States in the first half of the 21st century. Perhaps 2006 will be the year I learn to speak Mandarin (but I doubt it).

Re: Congress Raises Student Loan Interest Rates

Retireat30 — Fri, 23 Dec 2005 03:14:36 -0000

This is a yet another great example of how america is going to lose our competitive edge in the years to come.

We go to war - short term boost to economy, no fundamental boost to national productivity.

War + net tax cuts causes budget shortage.

Budget shortage aliveated by cutting funding to education, the small business administration, etc.

China continues graduating more engineers than us.

China becomes dominant economy, USA now an also ran in history. I don't like this one little bit.

Re: Congress Raises Student Loan Interest Rates

Matt Hartrich - Buffalo, NY — Fri, 23 Dec 2005 02:40:16 -0000

Consolidate your student loan rates now!

Re: Congress Raises Student Loan Interest Rates

Harlan Landes — Thu, 22 Dec 2005 20:36:08 -0000

That would make sense -- but this was the first I've heard of the specific rates.

Re: Congress Raises Student Loan Interest Rates

jim — Thu, 22 Dec 2005 20:20:52 -0000

I was under the impression the interest rates were going to be raised anyway.