When New America recently conducted focus groups with struggling student loan...
When New America recently conducted focus groups with struggling student loan borrowers, this issue frequently elicited feelings of being https://www.getbadcreditloan.com/payday-loans-ks/ deceived Alexander Holt Instead of lowering interest rates, we should just eliminate them altogether, and the best part is that its replacement requires no new taxpayer money. Interest rates on student loans do cause a lot of confusion and anxiety among student borrowersit’s a popular political issue for a reasonbut instead of lowering interest rates, we should just eliminate them altogether, and the best part is that its replacement requires no new taxpayer money. Of course, for the government to offer zero-interest-rate loans at no new cost to taxpayers, something else has to give. The government can pay for its interest rate elimination by adding the cost of lending and servicing the loan into the original amount borrowed, which is known as an origination fee-the student would also be able to borrow the amount needed to cover the fee. Origination fees are normally viewed with suspicion and seen as a hidden fee, but student loans could be the exceptionpared to charging interest, an origination fee would make the loans more transparent, cause less anxiety, and make the loan program better…
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