As I've said before (somewhere if not here), the institution of indentured servitude is re-emerging via college students' increasing dependence on student loans .
And it appears the yoke will only become heavier:
A general trend of historically low interest rates is ending, and the new government loans will have a fixed rate of 6.8 percent. If rates keep rising, students with the old variable rate loans could end up paying as much as 8.25 percent.
At least students are getting what they pay for.
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Later today I'm heading up to Manistee to fish with my dad for a couple of days. Tales/pics of warmwater adventure should be up this weekend.
Tag: Education
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