Keep student loan rates below 3%, defer interst payments until after graduation and employment, and make the loans dischargeable in bankruptcy.
Why is this important?
While interest rates are at an all time low, student loan rates for college and graduate students are running from 6.8-7.90%, are non-dischargeable in bankruptcy, and due to recent changes by Congress, require interest to be paid by the students while in school. This heavy burden will force some students to leave school and cause others decades to repay, as tuition rates spiral while colleges and universities make millions. The interest rates need to be reduced and the debts made dischargeable
