The larger question is the wisdom of going deeply into debt for worthless degrees from fourth-rate schools for jobs that do not exist.Obammy's 5 Step War on the Middle Class
Step 3 of 5
3) Higher Student Loan Costs: One of the great aspirations of middle class Americans is sending their kids to college. That takes a lot of money that sometimes needs to be borrowed. Many young Americans who hope to work their way into the middle class have taken out college loans as well.
Because of Barack Obama, those college loans cost considerably more.
After Obama seized the student loan industry, he talked a lot about making college more affordable.
However, what he did was charge higher rates for the student loans so he could take the money and funnel it into Obamacare.
The government borrows money at 2.8 percent and loans it out to students at 6.8%.
Incidentally, those mean old Republicans? They want to cut the rate to 5.3%, but Obama is fighting to make students pay more.
So, if you think you're paying too much interest on student loans, make sure to thank Obama for that.
Why not work and attend college at night, instead of piling up massive debt?