Interest rate for student loans doubles
This is the logo for "Debt U," a documentary currently in production by two brothers from Londonderry, Casey and Ryan Lamarca.
Congress revamped the federal student loan program in 2010, eliminating the federal subsidies and guarantees that used to go to private lenders in favor of government loans made directly to students.
He contends the federal government "should not be in the business of student loans to make a profit."
The Project on Student Debt is an initiative of the Institute for College Access & Success, described on its website as "a nonprofit independent research and policy organization dedicated to making college more available and affordable to people of all backgrounds."
Philip Armstrong, a 2013 graduate of Goffstown High School, is heading to Villanova in the fall to study civil and environmental engineering. He said he never used to understand how people could still be paying off their college debts in their 40s and 50s. "I thought it was absurd," he wrote in an email exchange with a reporter.
NHHEAF's Payne said New Hampshire's congressional delegation "did its part" to try to resolve the interest rate issue, but Congress couldn't reach an agreement in time. (See related story.)She said she understands that taxpayers have a financial interest in getting more money back from these federal loans. "But I think that those taxpayers interested in supporting our work force goals and our higher education goals, and those with children who are going to college and struggling to make those payments, may not be as happy."
"That sounds a little bit like bait and switch to me," he said. "Who doubles? Really, who doubles the rates?"
"So for the sake of our democracy, and for the sake of our economy ... we need to be putting more resources into making college more affordable and encouraging more students to make the choice to go on to higher education so that we're able to participate in the 21st-century economy."
READER COMMENTS: 0
- Undefeated season for Pinkerton math team - 0
- Plaistow looks at driver education options - 0
- 3 finalists named for NHTI president - 0
- Dartmouth president calls for end of high-risk behavior - 3
- Hallsville School's Tower Clock will be restarted Friday - 0
- Granite State group proposes student-centered learning - 0
- Zakahi named provost, VP of academic affairs at Keene State - 0
- Pinkerton graduate, author returns to give academic advice to students - 0
- Transition to new grading system continues in Nashua - 4
READER COMMENTS: 0
- Londonderry councilors critical of town’s economic development website - 0
- Candia teen faces more counts in connection with burglary - 0
- Suspect arrested, loot recovered 10 minutes after Derry bank robbery - 0
- Ellsbury propels Yanks over Sox - 0
- Bruins shut out Wings - 0
- Phaneuf leads Derryfield laxers past Pelham - 0
- High School Volleyball results - 0
- Manchester Crimewatch: Teen recruited juvenile for burglaries - 0
- Cell phones, speakers stolen in separate incidents - 0
Younger of two brothers convicted of murdering parents quietly released after 18 years in prison
Shaheen touts land conservation fund
High School Volleyball results
Bruins shut out Wings
Prepare to pay more to park in Manchester
Secret arrests? Not if we can help it
Latest Groton wind farm fight: Snow plowing