Bernie Sanders confuses me

[AnthonyW86]

Normchacho said:

AnthonyW86 said:

Yeah though it's mostly the interest rates that scared the crap out of me. Between 5%-7%? That's absolutely criminal. Here(the Netherlands) the interest rates you pay on student loans are lower then the rates you get on a savings account, and get adjusted on a regular basis. I used to pay about 1,2% but now that the rate on state bonds that the government have to pay are still at an all time low, and with the ECB printing money, i currently pay 0,05%. And no that's not a typo.

Holly Shit...Are you serious? The current interest rate for "Federally Subsidized Student Loans" (the most common type of financial aid available to students in the U.S.) is 4.29%. Oh, and that doesn't include the 1.073% "Loan Fee",  because I guess we can all go fuck ourselves.

Like i said that's just criminal, having people go to college is an investment in the future generation of a country. No reason why they would have to make money on those debts.

And yes i'm serious, here the interest rate you pay is connected to the interest rates de government pays on it's bonds(always a little higher). That way the rates are a low as possible but just high enough that it doesn't cost the government money, wich i think is fair. And since there is still kind of an Euro crisis going on and The Netherlands and Germany are the only Euro countries left with a AAA rating, there is massive demand for the state bonds driving down the interest rates. And now the ECB is printing money and buying bonds aswell to drive up inflation. The government actually makes money on some bonds because they have a negative interest rate. That means they get paid for loaning money.