Student Loans Debt

[Munchkin03]

Originally Posted by BaltoAlphaPsi

I think lowering the interest rates can help longer than forgiving student loans.

as always... just a damn good highschool GPA can do wonders for you!

Student loan interest rates are lower than they've ever been; I honestly don't think they can get any better. Mine were at just under 3%; my savings account has a higher interest rate! I figured it made more sense for me to pay that off and put the money I was paying for loans in savings.

Oh yeah...not everyone who does well in school will get scholarships. A lot of colleges do not provide merit aid; some private scholarship organizations look at need before they look at merit to prevent one or two students at the top from taking the most scholarship money. I was in the top 1% of my HS class with a ton of extracurrics, and I got exactly $1,500 in scholarship money. That money was actually connected to an activity I was involved in. Great considering 4 years of tuition was just about $150,000.