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Medical School is expensive.
Subsidized loans does not mean that you dont have to pay the money back it just means that you dont pay interest while in school where as unsub starts accruing interest from the moment its disbursed. and you can only do 8500 sub vs 30k unsub.
Who ever said getting a loan was a right. Its the same as a mortgage or car loan you have to pay it back. You dont benefit from it other than being able to gain the education. Borrowing money at ridiculous interest rates is not a social program IMO.
Getting free money for food is an entitlement.
Trust me the govt isnt losing money loaning me the money
-First off I know how student loans work. But the reason the interest doesn't accrue during those times is not some magic, is because the government eats the cost. It like the government saying, while you are in school or unemployed, don't worry about the interest we will cover it for you.
-And once again, you can't look past you own experience. Sure you will pay off your loans, but the government also gives grants. You're arguing favor of student loans because of your single experience but argue against the entire welfare system as a whole. For example: So the single mother with 3 kids should go hungry? Or steal, or sell her body to feed her kids?
-You damn sure get a financial benefit from a education. People that graduate college make way more than those who just have a HS degree. On average the more educated a person is the more the make per year and over a lifetime it adds up to a ton. Your student loans are allowing you to go to medical school which will result it you making way more the a regular college grad.
-And federal student loans are not the same as a car loan or mortgages. Chase Banks makes money off of car loans, makes money off of mortgages. Under the older system the government didn't make money off of student loans and grants. Even paying for the subsidies for the loans cost them money. So yeah the government wasn't losing money off of loaning you money, but they damn sure ain't making any. Under the new system the still have to theoretically "pay" to keep the rates on subsidized loans low and for the deferment periods
-And I said getting a loan was not a right. I wasn't put words in your mouth, like you did to me. And Federal loan interest rates are not ridiculous, stop with the oh woe is me act.
With all that being said I would love for America to work towards all citizens being able to be a free or cheap post secondary education