Since 1978 college tuition has skyrocketed over 900% while, simultaneously, funding for grants continue to be slashed. The result? Students are forced to mortgage their futures with non-dischargeable student loans. Since 1999, student debt has increased by 511%, nearing $1 Trillion.
While in school for 4 straight years Sallie Mae changed my status between semesters and capitalized my interest making a $60k loan balloon to $100k. Saying that my “status” changed. It didn’t I was in school and it should have been an in school deferment. That is on my private loans. That’s criminal.
Boehner insists his support for Sallie Mae has nothing to do with the dinners, contributions, occasional rides in Sallie Mae’s corporate jet or any other political favors he enjoys.
Rather, he says, it comes down to a firm belief: The idea that the government can do a job cheaper than the private sector, he says, has always been “laughable to me.” And if government figures and budgets show the opposite, well, their calculations are wrong, he says.