Comments on: Congress extends Stafford loan low interest rates for one year http://sundial.csun.edu/2012/07/congress-extends-stafford-loan-low-interest-rates-for-one-year/ Breaking CSUN news and information. Mon, 13 May 2013 07:53:00 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: VladLenin http://sundial.csun.edu/2012/07/congress-extends-stafford-loan-low-interest-rates-for-one-year/comment-page-1/#comment-65655 VladLenin Fri, 06 Jul 2012 17:58:00 +0000 http://sundial.csun.edu/?p=53702#comment-65655 “I think that tuition costs are too high and maybe a solution to this bad economy is to invest in higher education so we have a better educated future.

Money taken out of “the economy” and applied to Education, has produced a ‘better educated future’ as you suggest, with ever-limiting employment prospects. Ever-limited employment, means ever-declining income, resulting in ever-declining revenue.

Do they not teach Economics at CSUN?

]]> By: VladLenin http://sundial.csun.edu/2012/07/congress-extends-stafford-loan-low-interest-rates-for-one-year/comment-page-1/#comment-65654 VladLenin Fri, 06 Jul 2012 17:55:00 +0000 http://sundial.csun.edu/?p=53702#comment-65654 “I think that tuition costs are too high and maybe a solution to this bad economy is to invest in higher education so we have a better educated future.”

Tuition Hyperinflate is EXACTLY like what happened with the Housing Bubble. Artificially suppressed Interest Rates, extended to unqualified borrowers.

Loans should be extended, based on a risk model.

High aptitude students pursuing Engineering/Nursing degrees(for example) should be loaned up to 80% of their costs.
Moderate aptitude students pursuing Chicano/a Studies(for example) should be loaned up to 4-% of their costs.

Artificially suppressed rates, extended to sub-prime borrowers WILL result in collapse.

Enjoy your summer. :)

Vlad

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