I caught this on Fox news here in the Metro area. Students are protesting student loans! Seems that soon (July) the rates are set to increase. By how much I dunno.
However, when asked (on camera) all the students had to complain about was the fact they had to REPAY their loans. Most indicated owing sums of excess of $40-50K with a few in excess of $70k. Those interviewed believed that because of the poor economy their loan balance should be reduced or eliminated. Further answers were along the lines were: "No opportunity for work after I graduate - so why pay back all this money - it will take years to pay that off"
NO PARF here just venting. I worked my way through college. It was the only way I could go. I did not do that well in high school to take advantage of scholarship programs. My choice at that time.
I know of peers who did the student loan route some partial and worked / some borrowed the full amount..........................and took a portion of that for "other expenses"
Kids - You owe what you borrowed
