Thursday, August 9, 2012

Hello Romney- A Big Idea.

Hello Romney--Another big Idea.

Give student loans the same interest rate that the banks borrow at.  Certainly education of our young people is an investment in America's future and their interest rate should be as low as the bank's get. Shouldn't they?

The Obama administration is extracting a toll on students, America's future, that is obscene. While banks borrow money at 1% or less, they loan it to students at 7% or more not counting loan initiation fees of  up to 4%.

With college tuition approaching tens of thousands of dollars per year, student loans are more common than ever before. In medical schools, student loans are essential. What better way to encourage science and health care is there, than to allow students to borrow money for education - interest free. It is certainly as worthwhile an objective as bailing out banks, the automotive companies and AIG.

Let's bail out the students with interest free loans. Or at least, Mr. POTUS candidates, make the interest tax deductible. Come on POTUS candidates. Let's kick start  education with interest free loans.

Spread this message. Maybe Romney will get it.

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