Comments on: Will Student Loans Cause an Economic Armageddon? https://lifeboat.com/blog/2012/05/will-student-loans-cause-an-economic-armageddon Safeguarding Humanity Fri, 15 Jun 2012 09:38:41 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Timo Hirvi https://lifeboat.com/blog/2012/05/will-student-loans-cause-an-economic-armageddon#comment-112783 Fri, 15 Jun 2012 09:38:41 +0000 http://lifeboat.com/blog/?p=4039#comment-112783 Student loan is very important to some student financially i agree to all those problem you have a very great information nice post.

]]> By: Allegheny College Financial Aid https://lifeboat.com/blog/2012/05/will-student-loans-cause-an-economic-armageddon#comment-108837 Fri, 25 May 2012 06:17:45 +0000 http://lifeboat.com/blog/?p=4039#comment-108837 Thanks to all of you to provide the information about student loan problems and I also agree with you that there is the high interest rate against the student loan that why student are much worried about it. Govt. should do something to resolve this problem so the student can easily get the loan and also affords it and pay back it.

]]> By: Peter Paul https://lifeboat.com/blog/2012/05/will-student-loans-cause-an-economic-armageddon#comment-108819 Fri, 25 May 2012 02:32:36 +0000 http://lifeboat.com/blog/?p=4039#comment-108819 This student loan bubble will pop and no law can protect the disenfranchised.

]]> By: Big D https://lifeboat.com/blog/2012/05/will-student-loans-cause-an-economic-armageddon#comment-108718 Thu, 24 May 2012 13:08:32 +0000 http://lifeboat.com/blog/?p=4039#comment-108718 Good piece.
Of greater concern than the cited effects, the loan process being unwritten by the govt, and being essentially unrestrained, is the major contributor to skyrocketing tuition inflation. Like in health care, govt control makes things worse, not better. The most effective role for govt is to make regulations that provide a level playing field, incentives for efficiency, and penalties for unethical behavior. Without spending taxpayers money. Period.
It also looks like the govt is about to expand its intervention and spend more of our money bailing out English majors, in exchange for votes.
While incenting technical fields is an attractive idea, it would never pass muster in today’s Politically Correct climate, where even the natural actuarial laws are overruled by govt (its illegal to differentiate actuarially by gender. !)

]]> By: Jake https://lifeboat.com/blog/2012/05/will-student-loans-cause-an-economic-armageddon#comment-108664 Thu, 24 May 2012 04:21:20 +0000 http://lifeboat.com/blog/?p=4039#comment-108664 That’s a very good point, I believe that there are a few:

Federal Perkins Loan Teacher Cancellation Program (education)
Stafford Loan Forgiveness Program for Teachers (education)
Federal Nursing Education Loan Repayment Program (healthcare)
Public Service Loan Forgiveness Program (NFPs, libraries, etc)

]]> By: deh https://lifeboat.com/blog/2012/05/will-student-loans-cause-an-economic-armageddon#comment-108656 Thu, 24 May 2012 03:14:28 +0000 http://lifeboat.com/blog/?p=4039#comment-108656 Are students still forgiven large parts of their loans if they teach in under-served areas? If so, this might be encouraged.

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