It's a bribe, for votes. IMO, it's much better, and more effective, to let individuals and families decide for themselves how their charitable donations will be allocated. Local decision-making yields less fraud & waste, and it's just ... right to have charititable donations be unforced.
59% of Americans worry student loan forgiveness will make inflation worse
151–153 of 153 posts
Re: 59% of Americans worry student loan forgiveness will make inflation worse
#152usury always eventually ends up in impossible situations like this there's a reason traditional societies had jubilees
> Usury: the illegal action or practice of lending money at unreasonably high rates of interest.
These are federal loans. The interest rate on these are currently mid-single digits (not accounting for 0% since March 2020). They've been low single digits for the past decade.
This is not usury.
Re: 59% of Americans worry student loan forgiveness will make inflation worse
#153Earlier quoted context omitted.
What year was this?
4 years ago. 2018 graduation.
Interesting. I'm glad to see there are still programs that aren't obscenely expensive. I went to Ohio State in Computer Science in 1984 and full time tuition was $600 per quarter or $1800 per year or $7200 for a 4-year degree.