1 Comment

Add a Comment
Log In Create an Account

Kent Pitman
This seems like a fine idea, so I'm voting for it, since presently the choice is between variable rate loans at less than 5% (available only to some students) that have no cap (so could go way higher) or else fixed rate loans at higher than 7% in order to limit exposure. Neither of these is great. However, I think a lot of the problem is caused by the fact that the government allows banks to unnecessarily be the middle men. The following proposal by me is related to yours and it would seem reasonable to back both: http://thinkbig.us/ideas/20000/
Jan. 12, 2015, 11:43 a.m.