While the rate level is set by a pre-determined formula, the Obama administration was able to retroactively reset interest rates through a bipartisan effort in 2013.
It honestly didn’t look good to me in 1999 when RIT was hitting 40k and i only had to pay half the cost. Can you imagine now? Absolutely nothing has been done to actually solve student loans, just a politicized and heavily obstructed attempt to relieve some debt. And now we’ve hiked the rates up to damn near double digits and said go get em kids! It’s like the 80s all over again except someone added two zeros to the price of everything.
Taking out a loan to go to college is looking like a really poor choice of financial investment at this point
It honestly didn’t look good to me in 1999 when RIT was hitting 40k and i only had to pay half the cost. Can you imagine now? Absolutely nothing has been done to actually solve student loans, just a politicized and heavily obstructed attempt to relieve some debt. And now we’ve hiked the rates up to damn near double digits and said go get em kids! It’s like the 80s all over again except someone added two zeros to the price of everything.