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janice shell

03/20/16 7:46 PM

#105644 RE: Koog #105643

Yes, the GI Bill changed the lives of a lot of people after WWII. Made it possible for people to go to college who'd never thought they could.

I think we also need to dial back on the idea that everyone needs a college education. Vocational schools typically cost less; at least they should. And they prepare students for well-paying jobs. Plumbers, electricians, and more are always in demand.

I think Federal student loans were introduced in the mid-seventies. But back then, you didn't have to start paying it back till you graduated. And I don't think ordinary banks were offering them.
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BullNBear52

03/20/16 7:54 PM

#105646 RE: Koog #105643

Lets do the math. Fed funds are at what rate and the interest on student loans are at what rate?

Someone is getting hosed.