It’s especially disheartening when undergraduate students are OK’s future teachers. With such low pay for OK teachers, it would take them many years to pay off their loans. Our recent increase in OK teacher pay was nice, however we have a LONG way to go.
Students used to get a break on interest while they were in school and for 6 months after they graduate. It was called a grace period. That changed, and now students are racking up hundreds or thousands in interest while they're doing the studying they took the loans out to do.
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On balance, should anyone sign loan documents that they do not intend to repay in full, with interest?
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I want stronger oversight and regulation on what’s getting billed by the schools that contributes to the balances we are trying to pay. Many schools really rack the system by piling on charges to get the aid money. It’s aid to them and debt to us, they are removed of empathy.
End of conversation
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Government shouldn't be charging any interest on student loans. Period.
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How about making college affordable again?
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Are you serious??? Can’t believe I didn’t know that had changed. Also you used to be able to call up and skip a payment once in a while — it just got tacked on to the end. Bet they don’t do that any more.
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