student loan app
Student loans interest levels will double on Monday from 3.4 percent to six.8 percent since U.S. senators headed home to get a Fourth of July recess without passing a bill that could have prevented interest levels from doubling on school loans in the future. 'Rates will revert back to pre-2008 levels, jumping from 3.4 % back to six.8 percent, unless Congress takes action,' reported Red Alert Politics on Friday, June 28, 2013.
On Friday, before Congress went for any holiday recess, House Majority Leader Eric Cantor joined Republican and conservative interns and college students for the Senate side from the Capitol steps to protest the anticipated doubling of federally subsidized student loan interest rates. The protest would have been a last-ditch effort, because the rate hike will require effect on Monday, July 1.
But why would Congress want to act?
While the American educational method is amazing in lots of ways, the truth is it is actually a huge money business and following a trail with the money earned through outrageous student loans rates of interest leads most likely from the rich on the rich.
Finger pointing between Republicans and Democrats and referring to false campaign promises by President Obama don't affect the proven fact that student loan interest levels are for anyone middle or low-income families who require the amount of money to go to college or a university.
As recent times have demostrated, the gap involving the higher classes, who don't need student education loans, and minimize classes gets wider and wider.
From your home mortgage crises to student education loans, there seem to be no signs that Congress or anyone else is interested in diminishing this gap but instead making it wider. And really do not think to make it happen rather than increase student loan interest levels for anyone classes that rely on them.
Or think they rely on them.
Maybe the time is right for emancipation.
Students, especially from lower or middle income individuals are told the best way out becomes a qualification. The reality is that numerous employers are more interested in a worker who's work experience than a qualification. Ideally, employers prefer new and young employees with an education and work experience.
And work experience will not include work experience at McDonald's but work experience with an area that is certainly linked to one's future job.
And the American educational method is offering that possibility, except it is not being promoted.
Two year colleges provide a various certification programs that teach actual skills, unlike the often reality-removed universities where teaching and true learning has grown to be an endangered species and professors must deal more with politics compared to teaching and teacher's assistants take control a professor's job. Yes, even professors need to deal with their particular issues.
Why pay an excellent hundreds and hundreds of dollars in tuition fees and books which has a 6.8 interest loan each time a more useful education may be accomplished in a much shorter time with the actual learning experience only for big money?
Certification programs in most fields could be accomplished after as little as 6 months to at least one year. For example, colleges offer Cisco preparation programs and after having a test, being certified in any with the computer sciences fields opens the door to your great part-time job.
The amazing thing about getting certified is that it won't have a student loan, employers adore it, as well as the route to a university continues to be open, less costly, and much more useful.
The only trouble with going to your two-year college, actually learning something, and becoming work experience is the fact that it is not party time being a grown-up time.
So, as school loans interest levels are doubling on Monday, maybe it could be a fantastic chance of some students to reassess whether finding a loan from your government to be able to pay outrageous university educational fees is absolutely worth every penny.
Congress can argue and debate and ultimately not come to your conclusion as long as it would like to. In reality, education ought to be comparable to emancipation. But would Congress want that?
Emancipation only comes through independence, not reliance on some false promises of getting the best education or out-of-this-world interest levels on student loans.
Just ask Bill Gates.
student loan app
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