Take big money out of higher education!
Change graduate student loan interest rates to a variable scale that reflects the country's current economic situation. Give our country's future leaders a chance to get off the ground.
Why is this important?
Stock market crash? No problem. Banks are making big money from the buying and selling of graduate student loans...arguably the most reliable, highest returning investment in the United States at this moment. While interest rates for savings accounts, mortgages, undergraduate student loans, and virtually everything else in the United States have dropped to all-time lows, freshly-minted graduates of Master's and Doctoral programs--our country's potential future leaders--are being crippled by an average of 8% APR on top of hundreds of thousands of dollars of debt. We need to lower the interest rates and give our recent graduates a chance to get off the ground!
