On Wed, Jun 13, 2012 at 2:01 PM, GMoney <[email protected]> wrote: > Why can't it still be a loan? With little or no interest? > > I'd be fine a zero interest rate, and a long payoff period. A > college graduate is going to be much more likely to be a net positive on > society in many aspects, especially economically. That's worth more than a > few interest repayment percentages.
You can, and you should pay your loan off, and I am totally completely fine with having them at a very low interest rate. But again, this has zero to do with the rate. It could be perpetually pegged to inflation, or less, or zero percent interest for all I care. The problem here is defaulting on the loan, or perpetual forbearance for the length of someone's lifetime, essentially never paying it back. Regardless of it's cause, the reason it's a bubble is that this money will continue to go out of the government and lots of it isn't coming back. That creates an imbalance that will eventually need to be bailed out. By you, and by me. -Cameron ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:351933 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
