Increased student loan rates raise co...

Increased student loan rates raise cost of diploma

There are 13 comments on the Pittsburgh Post-Gazette story from Jun 30, 2013, titled Increased student loan rates raise cost of diploma. In it, Pittsburgh Post-Gazette reports that:

When some students graduate from college, they don't just receive a diploma -- they're also handed the responsibility of paying back money they borrowed to finance their education.

Join the discussion below, or Read more at Pittsburgh Post-Gazette.

Lamer

Hopkins, MN

#2 Jul 1, 2013
Obot wrote:
Union contracts, and tenure are what raises the cost of a "diploma".
Or student loan interest rates which went up today which is exactly what the article is talking about?
Da Old Fool trolls on

Mckeesport, PA

#3 Jul 1, 2013
The old fool never reads the topic article; as a conservative, he can't allow the facts to adulterate his purely ideological view of the world, don't ya know (he likes the use of 'Palin-isms")!
1 post removed
Lamer

Hopkins, MN

#5 Jul 1, 2013
Obot wrote:
The only way that student loan rates cause the cost of a diploma to rise is if you take out loans to get educated. It's obvious that foibles has no education in the real world or he would know that interest rates are only charged AFTER you borrow money. Ain't got nuttin' to do with education. But of course ole Foibles couldn't think past a pile of dog crap if you paid him.
Yes, you only pay if you borrow money for your education. Which is over 70% of students whom entroll for a 4 year term. A higher interest rate for a student loan means that diploma cost more; and with the vast majority of students needing loans to goto college, those interest rates directly increase the cost for the majority of students.
1 post removed
Da Old Fool trolls on

Mckeesport, PA

#7 Jul 2, 2013
And what YOU know about the best, or the smartest and most innovative! You're a bigoted little conservative Internet troll... and that has precocious little to do with excellence of any kind!
1 post removed
Lamer

Hopkins, MN

#9 Jul 2, 2013
Obot wrote:
<quoted text>
Simply, then - don't borrow the money. If the money was not available, the colleges would adjust to it and begin to train the young minds differently, if one can believe their hype that they are the best and smartest and most innovative..
Ok, then they dont borrow money so they are not going to goto college so i guess they should go get a job in this great job market we have? So now only those with the silver spoon in their mouth should goto college since they dont have to borrow to go?

And you expect colleges with all the free $$ from the gov to self regulate themselves? Either you havent thought this out very far or your nuts.
1 post removed
lolol

Albuquerque, NM

#11 Jul 2, 2013
average student loan sits at $27,000.00 at 3% interest. Wonder how many students have a $25,000.00+ car loan ? Will they not pay those too, or wait for obama relief ?
Lamer

Hopkins, MN

#12 Jul 2, 2013
that interest rate has doubled now. And i doubt many students are taking our 25k car loans on their own. If they are then i would blame the bank who gave them a 25k loan while having no credit history.
Coming home to roost

Christiansburg, VA

#13 Jul 2, 2013
Ahh yes, all the promises made to the young and foolish. Vote for me, for i am the king and i will make your student loans and student debt just vanish. Yet another promise broken to his voters. You didn't actually think that the government or the taxpayers were going to foot the the bill now did you. Well, good news you have 3 and a half years to beg the king to forgive all the student loans. OBAMA 2012 FORWARD.........
Lamer

Hopkins, MN

#14 Jul 2, 2013
Coming home to roost wrote:
Ahh yes, all the promises made to the young and foolish. Vote for me, for i am the king and i will make your student loans and student debt just vanish. Yet another promise broken to his voters. You didn't actually think that the government or the taxpayers were going to foot the the bill now did you. Well, good news you have 3 and a half years to beg the king to forgive all the student loans. OBAMA 2012 FORWARD.........
Really? Can you point to where he said he was going to make school loans vanish? We are talking about interest rates here and not loans. So the gov is footing the bill on my interest rates going up or down? Please explain how the gov is footing that bill..
valirie

Philadelphia, PA

#15 Jul 2, 2013
My son completed his asso degree and now has 28, 000 in loans , and will probably live with us until he is in his fifties or sixties because he can't afford to get married an raise his own family. Were did I go wrong. Oops, the George zipperhead trial is resuming, gotta go.
Clayton Bigsby

Carnegie, PA

#16 Jul 2, 2013
I earned/used my G.I. Bill for my undergraduate and graduate degrees. White Power!
Coming home to roost

Elliston, VA

#17 Jul 2, 2013
Yes really, The rates are affiliated with the loan amount over lets say, forever that it will take you to pay off the loan that you made. A rate of 2 percent or whatever it may be now as opposed to double or triple that is common math. So in common sense or basic math the government is in fact or should i say WAS picking up or paying the other 4 to 6 percent respectively. And the making the loan "VANISH" comment was SARCASM. Sorry for the misunderstanding.
Lamer wrote:
<quoted text>
Really? Can you point to where he said he was going to make school loans vanish? We are talking about interest rates here and not loans. So the gov is footing the bill on my interest rates going up or down? Please explain how the gov is footing that bill..
alan

Livonia, LA

#18 Jul 3, 2013
Da Old Fool trolls on wrote:
And what YOU know about the best, or the smartest and most innovative! You're a bigoted little conservative Internet troll... and that has precocious little to do with excellence of any kind!
and your another idiot from pa like crapolla?degrees in things like African studies and general bull shit offer you nothing but a handout degree?you can get a degree without real math and English which makes you no smarter than high school students?you wasted money on a degree that stands for nothing?a loan for this bs is a waste and only lets kids screw off for 4 years?colleges are the real problem and they don't care what a student takes for courses!the more help the gov.gives students the higher each year tution goes up?look and see how prices to go to college has gone up!college rates have gone up more than any other things have?why?its greed and the colleges will keep doing this until the public wakes up!im speaking of major colleges!

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