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
- Another View - Charles Lane: Your money is being spent by dead people - 0
- George Will: A conservative internationalism - 1
- Jonah Goldberg: The Democrats' cynical impeachment play - 3
- Charles M. Arlinghaus: Taxation without representation again? - 3
- Another View -- Betsy McCaughey: Our free lunch President - 5
- Another View -- Karlyn Borysenko: Workplace bullying is a serious problem, governor - 4
- Another View -- Fred Hiatt: Disengage from the world, and this is what happens - 1
- David Harsanyi: Are teachers really underpaid? - 14
- Jonah Goldberg: The U.N. club needs higher standards - 0
READER COMMENTS: 0
- NH Shrine team girds for Vt.'s ground attack - 0
- On Baseball: Fishers prospects sweat out deadline day - 0
- Goffstown ready for LL regional tourney - 0
- Dave D'Onofrio's Sox Beat -- Message is clear: Offense needs boost - 0
- Marina dealers say boat sales are on the rise - 0
- Another View -- Gilles Bissonnette: Why voting in NH is not reserved for state residents - 0
- Clinton vs. speech: Bullying first; what next? - 0
- Race matters: A cautionary tale at UNH - 0
- Crews making progress on Derry's Rockingham Road - 0
Havenstein says he has always opposed Obamacare, though company he led was paid to implement parts of it
George Will: A conservative internationalism
Heroes all? A word cheapened by overuse
Another View -- Gilles Bissonnette, William Christie, Alan Cronheim and Benjamin Siracusa Hillman: Why voting in NH is not reserved for state residents
Mark Hayward's City Matters: Market Basket workers' outlook challenges the skeptics among us
Market Basket customers mobilize
Police held Abby suspect's guns
Punch line: The NFL blows it