All you hear from
the lapdog media and the liberals is, "the Greedy Rich" and the
"Greedy Corporations". But
why aren't you hearing from another "Greedy" entity. COLLEGES……
All you hear about
from the Liberals and the media is, how the republicans don't care about the
interest rates students have to pay. But you do hear how the liberals will save the day and keep
the rates low…..
Well all that is
fine and dandy, but back to my point of the "Greedy Colleges".
OK, the typical
Harvard education is somewhere in the neighborhood of $175,000.00. Now if Obama hadn't saved the day, here is
what this education would have cost you if you had a loan for 10 years:
Amount
amount paid back over 10 years
$175,000.00 @ (projected rate 6.8%) =
$241,682.00
Now this would be the
cost because Obama saved the day….
$175,000.00 @ (Obama rate 3.4%) =
$206,678.00
So, with Obama
keeping the rates down, he saved each student, $35,004.00
Well, that's
great! But what does this have to do
with "Greedy Colleges"?
…This, since Obama
became president, college tuition has gone up 25%....
That means that the
cost of that $175,000.00 tuition, if you remove the 25% increase, would be $140,000.00….
Lets look at what
would happen with this tuition cost at the 6.8% interest rate.
$140,000.00 @
6.8% = $193,335.00 over 10
years…..
That would save
students $13, 343.00 more than what Obama can
do by keeping the interest rate down and about $48,000.00 from the high rate
and the 25% increase in tuition.
My question is, why
are these Greedy Colleges continuing to raise tuition?….Don't they know that
education is the most important thing to our youth?…..Why are they putting
profits above the education of our children?….
My goodness, how
dare they raise their costs to be able to pay the bills….
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