There's a homology between those two articles and the current thing going on
between Obama and the House Republicans' proposal on student loan rates...
When an interest rate goes over 10%, it essentially means
the loans cannot be paid off by the general borrower.
NY Times today
Quote:
The House measure would allow the Stafford rate for undergraduates
to reset each year based on the cost of a 10-year Treasury note, plus 2.5 percent,
but it would ultimately cap the rate at 8.5 percent.
For graduate student loans, known as PLUS loans, the rate would be
the Treasury note plus 4.5 percent, capped at 10.5 percent.
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