Student Loan Issue

Actually in 2007 congress passed a bipartisan bill, signed by Bush, that cut it in half, to 2.9%. My student loan is 2.9% and trust me, I do read the fine print unlike most people. I'm the guy that people stare at because I take my time reading even the most perfunctory contracts like when getting cable installed. So that 2.9% bit is set to expire soon which would return the rates back to 6.8% as they were when you got your student loans. Here's a nice article on politifact that explains all of it while correcting Obama's lie that Romney would allow the rates to double, i.e. return to what they were 5 years ago. http://www.politifact.com/truth-o-meter/statements/2012/may/04/barack-obama/barack-obamas-life-julia-tool-says-mitt-romney-wou/ Personally, it worries me the way some on the left are encouraging everyone to go to college, study liberal arts and get useless degrees. College education is a good thing, but debt is a bad thing. People shouldn't go to college just for the sake of going because that will leave them in debt for thousands, in some cases over a hundred thousand dollars, with no legitimate way to pay that money back. It's like telling someone to start an apprenticeship with a plumber when they have no desire or intention to ever be a plumber. You're wasting your time and the plumber's.

My husbands student loans were 4.0% he is being forced at 63 to pay them though disabled on Social Security Disablity and he does work as a sub teacher 6-8 days a month during the school year October-June no benefits, no holiday pay, no unemployment when laid off for summer, no retirement plan. He trained to be a full time teacher, got his degree in 1996 and from there everything went sour. 1997 the government created no child left behind. They required initial teachers meaning new to the field to have k-8 endorsement to teach middle school kids, My husband trained to be primarily a middle school teacher he got a 4-12 endorsement and degree. To teach high school he needed a math endorsement. He did not have that and to teach middle school he needed two more years of credits and courses to enable him to teach those grades full time. He was told NO you used up all the allowed student loans. No more loans. His 4-12 degree and endorsement were NO longer valid or acceptable. He had to go back to school or be relagated to sub teaching as able. Sub teachers make below poverty level wages. He deferred is loans as long as possible. He also asked and got all the forebearance he was told he was allowed. He could not pay the demanded $425 a month payments on a $1200 a month income and half went to our mortgage and still does. Summers he gets $997 a month. I don't work I have been a homemaker 42 years and also disabled with arhtritis and fibromyalgia. The government changed the laws and stole his degree making it invalid but they demand he repay the loan and now garnishes his social security check monthly. I don't have medical of any kind and can't get it. We both need dentures and cannot afford them. We have one car. we don't use credit cards, we don't have satellite or cable t.v or bundles. We have internet because our son helped get it and pays for it so he can use it when he is here. Or we would not have that. We don't eat out unless someone else pays the bill. We don't get newspapers or magazines, We don't use cell phones, we make do or do without and go to food banks to eat. We did not ask to be this way he wanted to be a teacher and not be on social security disability. Government should not make him repay loans since they robbed him of his ability to work in the area and with the degree he trained for by changing the education laws for teaching. Knowing he and others like him at his then age of 44 could not get work and would not be able to re-pay the loans. They knew he could get a full time job, they lied. He did read the fine print and he believed he would work full time and should have worked the last 17 years and had a good retirement coming up but they stole it from him. And demand he repay the loans after they sold it to collections and doubled the loans with usuary interest. They are greedy and liars and selfish and do not care if they literally put you in the street.