<p>VERY interesting discussion about the recent discussion of proposing college students to pay their loans while they're still in college and getting rid of the option to defer loans.</p>
<p>Republicans:</a> Screw College Students! - YouTube</p>
<p>My thoughts: I think it's messed up. Like Ana said at the end, it's pure evil. The purpose of the loan is to pay back later because one obviously can't afford to pay atm, and by getting rid of the option to defer loans until after graduation is just stupid. I hope this measure fails. They're are other options to cut spending. The government could start by stop producing those useless one dollar coins with the dead presidents that nobody wants!</p>
<p>TYT is hardly a trustful news source but yea… this is not a good idea.</p>
<p>The same proposal is mentioned here:[Debt</a> Crisis Deepens as Eric Cantor, GOP Propose New Cuts - The Daily Beast](<a href=“Debt Crisis Deepens as Eric Cantor, GOP Propose New Cuts”>Debt Crisis Deepens as Eric Cantor, GOP Propose New Cuts)</p>
<p>IMO, how can college students pay interest?</p>
<p>that’s stupid, cut the big three (SS, health care, defense) first… I don’t know how these idiots got into Harvard et al.</p>
<p>Psht. That would seriously be the end of non-wealthy people going to school. The only way to do it (without everyone crowding their local state U), would be for everyone to go on grants, etc.</p>
<p>They’re talking about paying interest while in college. It makes fiscal sense both for students and for the government. They’re not talking about actually paying back the loans while in college, just the interest. In the end you wind up paying back <em>less</em> and requiring college students to do it would be good for all concerned.</p>
<p>Okay, I’m getting conflicting information on this. There aren’t many bona fide news articles on this, some are saying that they are talking about ending the <em>subsidized</em> Stafford loan, meaning all Stafford loans would be normal loans where an interest accrues. Some are saying they are talking about <em>not deferring</em> the interest payments until graduation. If the latter, then I stand by what I said above, if the former, then yes, this will put more of the cost of the loan onto the student.</p>
<p>I, for one, do not have a problem with this (and I attend college on financial aid loans), because I believe that a college education ought not to be a handout but something you earn, both academically and financially by paying back your loans and that the tax-payer shouldn’t cover my interest.</p>