Article

2011-02-15 Africa North

Cancellation of the interest on loans for youth

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Posted by Fred 2011-02-15 00:00|| || Front Page|| [3 views ] Top

#1 There may be something to this idea. So many of our own students have foolishly accumulated student loan debt they can never pay nor discharge and are caught in limbo where continuing to be a student and continuing to borrow is the most 'practical' path.

Posted by Glenmore 2011-02-15 08:09|| 2011-02-15 08:09|| Front Page Top

#2 Interest-free loans a good idea?

The interest collected on a loan must match the rate of inflation for the loan to not lose value. But this is a government program so who cares right, other than it is business which would go to real banks. Where does the government get its capital for such loans, who approves those loans on what basis - are these SMEs green enough, connected enough, community organizing enough - and so what if they never repay the loan.

This is 5 minutes, imagine those who are out to game such a system. Millions laundered out the government coffers and no trace.

College is expensive, and really not for everyone especially right out of High School. Colleges could cut their expenses by cutting their bloated administration and quit fielding high profile semi-pro sport teams.

Posted by swksvolFF 2011-02-15 22:02|| 2011-02-15 22:02|| Front Page Top

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