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E-PrinceOn July 1, the interest rate on federally funded student loans will double from 3.4 percent to 6.8 percent. While Princeton students will be largely unaffected by the hike, many students at other universities do not enjoy such ...(back to the article)
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Dear Editorial Staff,
While I respect your opinion, I think you need to talk about the quantitative nature of extending the loans. How much will it cost? Where will the funding come from? Please do not continue to support elected officials writing blank checks with no funding.
Thank you,
Students everywhere.
Too many kids are going to college. See Charles Murray's research. Subsidized loans distort incentives in the free market and lead many to go to college and graduate to work at jobs where college degrees are not necessary. About a 1/3 of graduating students, according to Murray, would be better off to skip higher education.
Get the government out of the loan business.
Apart from most of this article, it's ignorant to think this won't affect Princeton students. I'm graduating with over $30,000 in loans, including federal loans... I got merit based scholarships and financial aid packages that would have allowed me to study for free at other Universites. Ya, go Princeton financial aid... or not. Just because no one on campus talks about it doesn't mean it doesn't happen here.