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What are the various options? I like Elizabeth Warren's solution of make student loans at the same rate that Big Banks get which is about 1 %. At this day and age, we need an educated workforce.
The worst possibility is the Republican plan to double the current Student loan rate to 7%. People OWE OVER A TRILLION DOLLARS ON STUDENT LOANS ALREADY. Piling on the debt before they can get into the job market is wrong, it is setting so many up for financial ruin.
http://www.motherjones.com/politics/2013/05/student-loan-interest-rate-plan-obama-republican-warren
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