The Government needs to understand that student is going to school to live a better life and improve the future of this country’s economy. Putting students in a position where they are broke and incapable of purchasing living necessities will lead to a downfall in the future. I’m not saying the government should just throw money at people because that will just cause more problems but instead charge lower interest rates. Instead of charging people 8.25% interest and make profits like corporate banks, charge a standard 1% interest rate which will still let the government money while keeping the people happy. Doing this will help the economy, because when people have more money they are able to spend more. Also something that the government should do is set a plan with each borrower to automatically take a small percentage of their paycheck instead of coming after everything they own and their social
The Government needs to understand that student is going to school to live a better life and improve the future of this country’s economy. Putting students in a position where they are broke and incapable of purchasing living necessities will lead to a downfall in the future. I’m not saying the government should just throw money at people because that will just cause more problems but instead charge lower interest rates. Instead of charging people 8.25% interest and make profits like corporate banks, charge a standard 1% interest rate which will still let the government money while keeping the people happy. Doing this will help the economy, because when people have more money they are able to spend more. Also something that the government should do is set a plan with each borrower to automatically take a small percentage of their paycheck instead of coming after everything they own and their social