It will only affect those who are foolish or desparate enough to borrow money to pay for school.
I didn't borrow a penny for school and I graduated owing NOTHING to anyone...
Because I
W O R K E D!!!!!!!!!!!!!!!!!
College was NOT a 4 year long party for me... it took longer to get through because I had to get the money from working... but I graduated and I didn't mind that I missed the whole campus party thing.
Disagree. School is extremely expensive especially if you want an advanced degree. My old law school alma mater is about $50k a year now.
Charging interest is fine, but doubling it, or however high it is going to go, is absurd. We want a nation of idiots that can’t compete? That makes no sense to me.