Dawn Blevins
Dawn Blevins

Yeah baby, agreed. Those spoiled rich kids use to say "D is for Diplomia". While I worked full time & had to maintain my GPA to keep my scholar ships. Interest is just a nano bite embedded into the system. They've to keep feeding the beast so the wealthly can just eliminate the

Muhammad Umar
Muhammad Umar
  • Dawn Blevins

what is your college or University ?

Ken Manthe
Ken Manthe

Where is the petition? Do these people even know the definition of the work?
If you want an education, prepare to pay the price! Quit your whining. There are no free-bees!

Tricia Hedahl
Tricia Hedahl
  • Ken Manthe

Forgive me for judging, but by your picture I'd guess that you would have attended college in the 80's at latest when many loans were simply forgiven and real-dollar costs were about 1/3-1/4 of today's costs. So, easy for you to say, right? The burden on students is much higher than in the past and jobs are scarce. This petition isn't about working hard or not. Its about interest rates and their burden on grads.

Bruce Emmett
Bruce Emmett
  • Ken Manthe

Great grammar Ken, glad to see you paid so much for your education?!?

Dan Lapensee
Dan Lapensee
  • Ken Manthe

When you don't have an intelligent response attack the poster and/or his grammar? Just remember the old adage, Bruce, about people who live in glass houses.

Cindy Ruszala
Cindy Ruszala
  • Ken Manthe

I am a Family Practice Physician, and I work hard. I have over > $150,000 in debt. With time and the high interest rates, it will nearly double by the time I pay it off- which is still 25 years from now and I've been paying for 10 years. I will gladly pay back WHAT I was loaned, but double? That's ridiculous! Pay the price? I'll be paying my loans until I retire, I believe that's too high of a price.

Stephanie Fisher
Stephanie Fisher
  • Ken Manthe

I received an education and have been working 2 jobs to barely make ends meet with my 4 year degree that includes payments of more than 50% of my monthly income. I would appreciate if you wouldn't categorize everyone who is trying to get some relief as lazy and not wanting to work hard to pay off their loans...I have worked my ass off since leaving college (60-80 hours a week) just to barely get by and pay off these loans! I get that you need to pay for an education, but this isn't about...

I received an education and have been working 2 jobs to barely make ends meet with my 4 year degree that includes payments of more than 50% of my monthly income. I would appreciate if you wouldn't categorize everyone who is trying to get some relief as lazy and not wanting to work hard to pay off their loans...I have worked my ass off since leaving college (60-80 hours a week) just to barely get by and pay off these loans! I get that you need to pay for an education, but this isn't about not wanting to pay for it. It's about a payment that is so astronomical my paycheck barely pays the bills. So maybe you should be more informed before making such a rude comment. I'd like to see you step in my shoes for a month and see how you feel at the end of it! >:(

Steve MacIntyre
Steve MacIntyre
  • Ken Manthe

Where were you when we gave trillions of dollars to Goldman Sachs?

Keith Charbonneau
Keith Charbonneau
  • Ken Manthe

Hey Ken this is about the outrageous rates banks charge on student loans. Not about not having to pay them back. And I bet Tricia was right in saying what she said. I bet you went to school before the 80's. And I wonder, if you ever did go to school, or not, and if you did, did you repay your student loans. Because up until the 80's people could default on their loans and not have to pay them back. Which is why they put into place all sorts of new laws like, garnishing your wages, social...

Hey Ken this is about the outrageous rates banks charge on student loans. Not about not having to pay them back. And I bet Tricia was right in saying what she said. I bet you went to school before the 80's. And I wonder, if you ever did go to school, or not, and if you did, did you repay your student loans. Because up until the 80's people could default on their loans and not have to pay them back. Which is why they put into place all sorts of new laws like, garnishing your wages, social security payments, and not being able to put them into bankruptcy. Today you can't do that and they have the right to charge you outrageous interest rates on your loans. Most loans are variable rates and can be higher than 10%. I took out $69,000 to go to school for 3yrs and by the time I left school I had already accrued $30,000 in interest. They should do like in Canada. Charge a low rate like 3.5% and not allow any interest to be compounded until after you've finished school so that if you pay any of it back while in school, it goes all to the principal borrowed amount and not to interest. And what cracks me up about the dumb laws they passed. If you do pay any amount back on your loans while still in school, the interest is not tax deductible.. Talk about stupidity.. It's almost like telling a home owner that, if they live in the house that mortgaged the interest in not tax deductible.

Lewis Vaughn
Lewis Vaughn
  • Ken Manthe

You didn't understand the math when you took out the loans?

Ken Manthe
Ken Manthe
  • Ken Manthe

I went to a short term technical school then went to college while working a paying job while paying off the first school loan. I spread the education out over time and built up experience that made it easier to land the profession that I went into.

Ken Manthe
Ken Manthe
  • Ken Manthe

The whole idea of borrowing mountains of money to get the best education you can all at once, then trying to get a job that earns plenty to pay off the loans is short sited, naive and does not make sense in this economy and job market. Take your lumps, work hard, and things will work out. It just takes time!

Matt Fitzgibbons
Matt Fitzgibbons

So 51% of the voting public can have government tell private industries what their prices can be? That's National Socialism (e.g. Nazi Germany). If you want to fix this, get rid of public funding to colleges and Universities... deregulate, get government OUT OF industries that should be private. That's what's driven up the price of education. Let a free market adjust naturally instead of creating even more problems with regulations and cronyism. Both parties are to blame. Study history...

So 51% of the voting public can have government tell private industries what their prices can be? That's National Socialism (e.g. Nazi Germany). If you want to fix this, get rid of public funding to colleges and Universities... deregulate, get government OUT OF industries that should be private. That's what's driven up the price of education. Let a free market adjust naturally instead of creating even more problems with regulations and cronyism. Both parties are to blame. Study history before suggesting things that have been proven time and time again to cause even more problems. Please, for the sake of your children and grandchildren! Their debt is already far more than any of your student loans!

Keith Charbonneau
Keith Charbonneau
  • Matt Fitzgibbons

Sorry to disappoint you guy but, that's not the problem. With loads of people going to school, it should be driving the prices down with schools competing to get you into their classrooms. But the rates they are charging are going up and why, because they hope you will get a loan. So, they charge higher fees. And the banks charge outrageous interest rates on those loans. And it's also because a lot of schools are "For Profit". You can even buy stock in some of these companies..

Matt Fitzgibbons
Matt Fitzgibbons
  • Matt Fitzgibbons

More demand = higher prices (Economics 101). College tuition costs have gone up 945 percent since 1980 because more subsidies means more students, and that means higher and higher prices (irrespective of the field of study). When colleges have no problems getting students even with annual price increases, there's no reason for them to cut costs. They also spend enormous amounts on new student centers, athletic fields, and other things that don't increase the chance of a higher paying job. On...

More demand = higher prices (Economics 101). College tuition costs have gone up 945 percent since 1980 because more subsidies means more students, and that means higher and higher prices (irrespective of the field of study). When colleges have no problems getting students even with annual price increases, there's no reason for them to cut costs. They also spend enormous amounts on new student centers, athletic fields, and other things that don't increase the chance of a higher paying job. On top of that, each year, more students graduate with degrees in things like psychology than there are jobs in that field in the entire country. Bottom line: Once you corrupt a market with government interference, the philosophy that started it will always see excuses for more and more interference, until prices rise and the entire system goes bankrupt. Regulation is not the answer. It never has been.

Jorge Ayauhtli Orpinel
Jorge Ayauhtli Orpinel
  • Matt Fitzgibbons

Education is not an industry (at least it should not be) and it should not be private. What are you talking about? "Free market" should have nothing to do with it, I think you just use it as a buzz word probably not knowing where the term comes from in the first place, funny how you dare say "study history".

Matt Fitzgibbons
Matt Fitzgibbons
  • Matt Fitzgibbons

Everything that is not a Constitutionally enumerated power should be private, especially education because government does few things well. Education is certainly not one of them. Not only are public schools TERRIBLE, the more the Federal government has gotten involved in education, the worse (and more expensive) it has become. But of course, this fact is not commonly taught in government run schools. Little about all of the problems associated with large government is. It is simply not in...

Everything that is not a Constitutionally enumerated power should be private, especially education because government does few things well. Education is certainly not one of them. Not only are public schools TERRIBLE, the more the Federal government has gotten involved in education, the worse (and more expensive) it has become. But of course, this fact is not commonly taught in government run schools. Little about all of the problems associated with large government is. It is simply not in their interest to teach the truth and why they produce so many people who are incapable of seeing the threats governments pose. The more one studies history, the more this becomes evident. Socialism is a dismal failure. But of course cost is of no concern to socialists since Socialism is based entirely on forcing others to pay for them. (e.g. theft). And it always infringes on individual rights. Freedom and private property are integrally linked. Where there is more government, there is less freedom and vice versa. Socialism makes slaves of all but the few aristocrat party members and is a disease that must be eradicated. And it must start by eliminating the Department of Education and the teacher's unions.

Tobias D. Harrison
Tobias D. Harrison

Being an older guy I can't fathom how younger grads can get a foothold on life with the outrageous fees tacked onto student loans with no help in relief. How can we further our country via education when it takes half a lifetime to pay them off,

Lisa Payne
Lisa Payne
  • Tobias D. Harrison

Being an older person who tried to go back to school to get a better job for myself and my son, I have estimated at the rate I can afford to pay, it will take me 28 years to repay my loans... and I can't even use what I learned! No experience. <sigh>

Jimmy Needham
Jimmy Needham
  • Tobias D. Harrison

I went back to school and I refuse to have such a defeatist attitude about it. I am going to graduate, do my best to pay off my loans before I die, and, If I do not, the government can prop my stuffed body up and charge five cents a pop to view me until the debt is paid. what are they going to do? Put us all in debtors prison? They would have to turn the entire country into a penal colony.

Victor Tweed
Victor Tweed

I went to a private school because I thought I was going to get a good education. I've been out of school a while and had some money saved so I decided to go back to help improve my status in life. Well, I blew $40K of my money, $40K of Federal Student Loan money and had to borrow from private banks another $40K just to finish. I'm now unemployed because no one will hire me because the school I went to didn't actually teach me any marketable skills. I had to go to grad school to actually...

I went to a private school because I thought I was going to get a good education. I've been out of school a while and had some money saved so I decided to go back to help improve my status in life. Well, I blew $40K of my money, $40K of Federal Student Loan money and had to borrow from private banks another $40K just to finish. I'm now unemployed because no one will hire me because the school I went to didn't actually teach me any marketable skills. I had to go to grad school to actually accomplish anything which I couldn't afford and now can't because my private loans defaulted because they wouldn't defer them until I could find a job. I've deferred my federal loans until I can actually pay them but the private loans would not defer because they're not bound by the same rules as federal loans. Now my credit is destroyed which pretty much eliminates the possibility of me getting a good job because they check your credit and won't hire you with bad credit. I also lost my car and live in rural PA so I can't even commute to a job. I'm screwed for life. All I have now is a piece of paper from an Ivy League school and less than nothing to show for it.

Margaret Ann Elliott
Margaret Ann Elliott
  • Victor Tweed

Those Ivy League schools should guarantee a job if they will guarantee the loan. Technical Schools do and they don't charge that much. I am so sorry to hear your predicament and I hope there will be hope yet in your near future

Victor Tweed
Victor Tweed
  • Victor Tweed

I discovered my mistake halfway through but, thought it would be better to finish and have SOMETHING to show for my effort and $50K I'd already spent. At that point I thought I would still be ok because at least I would get an Ivy League degree. I didn't find out the reality that Ivy League degrees are for show and a lot of places won't even interview you from and Ivy League school unless you have an advanced degree. A lot of places won't hire me BECAUSE I have an Ivy League degree...

I discovered my mistake halfway through but, thought it would be better to finish and have SOMETHING to show for my effort and $50K I'd already spent. At that point I thought I would still be ok because at least I would get an Ivy League degree. I didn't find out the reality that Ivy League degrees are for show and a lot of places won't even interview you from and Ivy League school unless you have an advanced degree. A lot of places won't hire me BECAUSE I have an Ivy League degree because I'm considered overqualified and they're afraid I'll just quit when I find a better job. I fared better when I had no degree. I had $40K in the bank, a decent job, and a great apartment in NYC. Then my job was off-shored to India and I decided to take that opportunity to finish my degree so I could become more marketable. It was the worst mistake of my life from which I will never recover.

Raymond Michael
Raymond Michael

This is dumb. You want to lower interest rates for guaranteed loans so now tuition prices will go up for everyone.. Buncha Obama supporters not understanding economics.

Jeanne Stepanova
Jeanne Stepanova
  • Raymond Michael

Everyone listen up, Raymond is going to explain the finer points of economics to us (right after he removes the placenta from behind his ears.

Joel Elliott Parker RN
Joel Elliott Parker RN
  • Raymond Michael

Raymond, please stop being such a cliche. It ain't funny any more.

JoAnn Coffelt
JoAnn Coffelt

The interest on these loans is what kills everybody. Interest is calculated and added DAILY!!! Why is USURY legal in this case? Yes, the interest needs to be addressed. The fees added on to the interest is ridiculous. And yes, the 30,000 loan, paid 92,000 already and still has 52,000 to go is in line with the daily calculated and added interest!

Lucy Gangemi
Lucy Gangemi
  • JoAnn Coffelt

HEY... I NEED HELP HERE!!!! DON'T GET ON-LINE MUCH THESE DAYS SO I MISSED YHE MAY DEADLINE....AS I DIDN'T SEE THE E/M 'TIL TODAY .. "THEY" (THE BANKS THAT HAVE BEEN BAILED OUT TWICE...ACCORDING TO THEM HAVE BEEN PAID PER FDIC TWICE OVER THEY WANT A THIRD TIME OUTTA ME?????? WYF? PLEASE IF ANY FEEDBACK....ALWAYS GRATEFUL FOR HEKP....TY,TY,AND TY AGAIN..LUCY

Dan Lapensee
Dan Lapensee

I have read through the entire petition and all of the comments and I do not see one person saying what the interest rate is on student loans. I did see some BS though about someone with a $30,000 loan who has already paid $92,000 and still owes $52,000. Let's get real here if we are going to honestly discuss this issue.

Jolene Stewart
Jolene Stewart
  • Dan Lapensee

The interest rates on my student loans vary. The lowest is around 3.5%, a few just over 4%, but the majority of them are at 6%.

Nina Gaines
Nina Gaines

I am at least $80,000 in debt!! DROWNING is an understatement!!!

Jane Stewart
Jane Stewart

The schools need taken on, the cost of education is off the chart. It is only the rich whom can get educated.

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