Put an end to high variable student loan interest rates
I am one of many college students that is being taken advantage of by private students loans and I think it is time that the federal government steps in and puts a cap on the interest rates that banks... continue reading »
"I hope that the federal government stops the variable student loan interest rates. American Education Services increased one of my payments from 201 to 321. Moreover, the following year they will increase it to 421. If I had known that this was going to h"
"BRING BACK BANKRUPTCY PROTECTIONS TO PRIVATE STUDENT LOANS!"
"I think that the private student loan interest rates are out of control. Many of my loan rates are more than 13\%. My credit card isn't even that high. By caping the private loan interest rate more money can be spent elsewhere, say...the domestic market, "
"It is simple....give me a lower interest rate and I can make the payments....If you dont then i cant...Humm Think about it and get smart."
"We want to help oursevles with these loans, but find it impossible to do so as no one wants to work with us, and AES and these companies only want double and triple what we took out. Please step in and help us."
"Congress take action!"
"I thought there was such a thing as usuary laws which prevented people being taken advantage of by ridiculous interest rates. I am appalled to see that this is not the case especially when we are talking about educational loans. These loans need to be reg"
"We the people have spoken!"
"Originally borrowed 85k in private loans. It has accrued 56k in interest!!!!!! My rate is 17\% minimum payment is more tha I make a month!"
"What was I thinking? My minimum payment, between my private and Stafford loans, equal to more than half of my net paycheck! The education system does not reward the educated!"
"I hope the right people read this and do something for the borrowers."
"My life is consumed with the stress of paying off my husband's private student loans. It is frustrating and unfair. I am happy to pay off student loans but that fact that it will cost us $300,000 to pay $70,000 worth of loans is sickening"
"bail out the banks but stick it to the students who are paying more than they can afford - most of these students don't qualify for financial aid - and I don't hear the new administration concerned about the loans college students have to take out to fund"
"I am going to graduate soon with a debt load of close to $60,000 (undergraduate) and this amount of debt is making me second guess my decision to go to medical school. We need Congress to protect the of the future of this country and one of the most impor"
"$70,000 in debt by age 22? Completely unecessary and ridiculous."
"I desperately need help to manage my student loans. I am not trying to get out of my responsibility of paying them back, but rather have access to some sort of a program (i.e. the return of private student loan consolidation programs) that will make the p"
"I agree with the travesty that is happening to students all over this country. IT HAS TO STOP):"
"reign in the Federal Loan Sharking Prigram"
"I am stuck with a student loan with an interest rate OVER 20\%!"
"education should not financially destroy one's life."
"I'm 200k in student debt and I don't think I will ever be able to pay it all off so please help put an end to this!"
"Please put an end to this slavery"
"Interest rates are extreme."
"allow private student loans to discharge in bankruptcy"
"These private loans are beginning to ruin my life!"