True, however, student loans would be less if the institutions charged less so in the 'trickle down theory', if the end game (educators themselves) were paid less, there would be less overhead and tuition costs would be less, prompting lower student loans.The topic is still about student loan "interest rates" but 60 Minutes recently had a guest on that said:
Think about it....
"We have a bubble in education, like we had a bubble in housing in the last decade. Everybody believed you had to have a house. They'd pay whatever it took. Today, everybody believes that we need to go to college, and people will pay whatever it takes.
Morley Safer: You describe college administrators as subprime mortgage lenders, in other words conmen.
Peter Thiel: Not all of them, but certainly the for-profit schools, the less good colleges are like the subprime mortgage lenders where people are being conned into thinking that this credential is the one thing you need to do better in life. And they're actually not any better off after having gone to college; they typically are worse off because they've amassed all this debt.http://www.cbsnews.com/8301-18560_162-57436775/dropping-out-is-college-worth-the-cost/?tag=contentMain;cbsCarouselAnd back to actual topic:Senate Republicans Stumble On Student Loans
In an awkward move Wednesday, Senate Republicans voted overwhelmingly for two GOP-written budgets that would each let student loan interest rates spike in Julyhttp://tpmdc.talkingpointsmemo.com/2012/05/senate-republicans-vote-to-let-student-loan-interest-rates-double.php