JOPLIN, Mo. —
In regard to the Globe’s story, “Student loan interest set to double unless Congress takes steps” (June 10), in a single student loan there is a two-party contract that says: “The borrower will pay a fixed interest to the lender.”
So how then can that fixed interest double? Or are we talking about new loans in the future? If so, the new loans could have different terms.
If the new borrower cannot pay what the lender seeks, he or she should not sign the contract.
He or she should shop around, hit Mom and Dad or kith and kin up for some help, get a job, earn a scholarship or go to a less expensive school. The student/parent team should foresee the importance of saving for college.
To say that a bomb will go off if Congress doesn’t “take steps” is to say the Congress is responsible for the students’ freely assumed responsibilities of their loan contracts.
An extremely radical idea might be to eliminate the expensive Department of Education, prorating the savings among the states that typically finance higher education, possibly with scholarship endowments.
John Cragin
Joplin
Opinion
Your View: Is Congress responsible?
- Opinion
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Our View: Absent from House
We can’t figure out why two Missouri legislators think they should be elected to the U.S. House when it appears they can’t seem to show up to take care of business in the Missouri House.
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Your View: Terrorism is terrorism
In the May 13 issue of The Joplin Globe there was an Associated Press article concerning the New Orleans shooting.
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Your View: Should we be outraged?
Were there effusive apologies following the lockdown of Boston as most of the continent indulged vicariously in the ongoing manhunt?
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Your View: Terrible injustice
I see this Jasper County nuisance law as a terrible injustice on the rights of the residents of Jasper County.
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Other Views: Conflicts in SEC
Money talks. In the continuing dispute over the all-too-cozy relationship between the people who create and sell financial products and the people who rate their risk, the money says: Shut up and let us do what we want.
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Phill Brooks, columnist: Missouri Senate did what Founding Fathers had in mind
George Washington once described the Senate as being like a saucer in which you pour coffee or tea.
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Our View: Fixing failure
Some 1,200 injured workers will finally get the payments they are owed. In its final week in session, Missouri’s General Assembly, through bipartisan efforts, passed a solution to address the insolvency of the state’s Second Injury Fund.
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Herb B. Kuhn, guest columnist: Delaying Medicaid reform could hurt rural Missouri
The Missouri Legislature missed a rare opportunity in the just-ended session to transform Medicaid and make a real difference in the lives and health of hundreds of thousands of our neighbors. Rural Missouri has the most to lose from the legislature’s failure to act.
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Kevin Wilson, guest columnist: When fear wins out, so do the terrorists
I’m going to make a bold statement that’s sure to draw a lot of comments, but hear me out before reaching for the keyboard to type a rebuttal.
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Marta Mossburg, columnist: Maybe government is tyrannical after all
Less than two weeks ago President Obama stood in front of graduates from The Ohio State University and told them to reject those who warn of government tyranny.
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