And even at our great institution, state institutions, 50 years ago, the state was paying 75% of tuition, student was paying 25%. Now that's completely flipped. Student is paying 75%, state is paying 25%. I believe we should cap student loans at 2.5%. We have students who are taking out loans for 1011 12% interest and they're living under that debt for the rest of their lives. (47:27–47:31)
CLAIM
Asserts the belief that student loan interest rates should be capped at 2.5%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
