Seen as one of the worst problems regarding financials in the United States, student loans are one of those necessary evils that most people who want an education simply can’t get around. And although recent history has shown that at least some ying of the government is trto do right by those seeking an education beyond high school, there is still a long way to go in the eyes of many. Still, even a little step can be seen as a victory, no matter how small, and student loan rates are to drop for this upcoming school year.
And while the interest rate decrease that is making its way to college campuses is applicable to everyone who receives a student loan for the 2015-2016 school year, the decrease yet again will not apply to those who were unlucky enough to go to school through the 1990s when rates were substantially higher than those faced by students today.
Considering the importance that our society attempts to place on education as a whole, it seems crazy that student loans would have to exist in the first place. Due to market shifts and price fixing by the privatized university systems across the country, every generation’s education ends up costing so much money and it is only made more expensive as a whole because of interest rates.
So, for those of you who are looking to get a student loan during the 2015-2016 academic school year, you’re in luck: You will be getting raked over the coals a smidgen less than those who got student loans last year!* We here at About Bill Pay wholeheartedly agree that education is one of the single most important things that one can attain in a person’s life, we just (obviously?) really don’t like the way that the United States has been handling education as a profiteering institution for so long.
*Unless you also received a loan last year. If that’s the case, let us know in the comments below if the debt being piled on is worth having a degree, and let us know your major.