randys1 (14,043 posts)
3. You really think he doesn't know the difference? Or do you think he is trying to make a point.
Like payday loan companies, education debt is outrageous and we simply should no longer tolerate it being done to us.
I can give you all a very simple solution, rr1.
Don't ask for or take the student loan or payday loan money. Voila'! No student loan debt, and no payday loan debt.
Different interest rates are rather simple, really. If you borrow and use a bank's money, they charge you a fee for using it. The fee is called interest. The particular rate depends on whether the loan is secured or not, and the reliability of the borrower (as demonstrated through credit history). Student loans are unsecured, and made to members of a population know (as a population) to have higher late payment and default rates than the population of borrowers to whom banks are willing to lend for mortgages.
Whether
Bern Out is ignorant or dishonest, neither are acceptable in a POTUS.