<p>
</p>
<p>It was based on the average rate of inflation from year to year. It doesn’t take an econ major to understand that the actual number of dollars today will be a fraction of the number of dollars in twenty years. </p>
<p>
</p>
<p>So true! I am hoping for the best for her. Grads that have domicile within commuting distance to major metropolitan areas have the greatest job opportunities. Too often are the default stories on graduates who live in a small rural town. I am scared of my loans, but I also live within commuting distance of the city, so I do feel better about them. </p>
<p>I think the government needs to stop with loans for for-profit schools, which hold the highest default rate and highest debt, and then subsidize all student loans. If the college wants to charge $40,000, and the student is willing to borrow $40,000, then fine. Let them. It just becomes cumbersome and tightening when the interest capitalizes over time and that $40,000 turns into $120,000. It is not fair to profit off of the betterment of someone. And the ban on bankruptcy discharges really just shows that the industry is out to trap students in ridiculous amounts of debt. I think it is time for the government to take over that sector.</p>