Congress may lower Stafford loan rates

[sweeps]

Democrats put forth legislation to cut college debt costs for low- and middle-income students who take out subsidized federal loans.

House bill introduced to lower Stafford loan rates

[cptacek]

I think that upping the Pell Grant would do more for low income students than lowering student loan percent. The Pell Grant is free money for the lowest income students that they don't have to pay back.

I've also mulled this over...what do you think about having a graduated system of upping the percentage you owe on your student loans over a period of time? I've been out of school for 5 1/2 years now and have no intention of paying back that loan until everything other loan is paid off and all my other investments are maxxed out. It is too cheap of money. But if I saw in, say 4 1/2 years, the percentage would jump, I would be sure to pay it off by then. In a perfect world, that money should be available for other students to use to get into school now, not for me to stretch out as far as I can when I could pay it. Of course, since we aren't in a perfect world, I'm not going to pay early.

[PRICEPLUS]

FOlks who don't have a lot of money should be given more breaks. The loan interest rates should be lowered and the Pell Grants should be increased. Not a nickle in foreign aid until Americans can afford to go to college!