{"id":2118,"date":"2003-11-14T08:41:35","date_gmt":"2003-11-14T08:41:35","guid":{"rendered":"http:\/\/cobranchi.com\/wp\/?p=2118"},"modified":"2003-11-14T08:41:35","modified_gmt":"2003-11-14T08:41:35","slug":"deandoggle","status":"publish","type":"post","link":"https:\/\/cobranchi.com\/?p=2118","title":{"rendered":"&#8220;DEANDOGGLE&#8221;"},"content":{"rendered":"<p>Howard Dean has proposed a federal program that would provide teachers and other &#8220;public servants&#8221; with some <a href=\"http:\/\/www.nytimes.com\/2003\/11\/14\/politics\/campaigns\/14DEAN.html\">very generous student-loan terms<\/a>.  The loan payments would be capped at 7% of their salary and the balance would be forgiven after 10 years.  To see how generous (with your tax money) this really is, consider this scenario:  A prospective teacher borrows $25,000 in Stafford loans during the course of her undergraduate studies.  Upon graduation, she accepts a position with a starting salary of $35,000 per year.  For the sake of this simplistic exercise, I will assume that her salary increases steadily at a rate of 3% per year and that the student loan interest rate holds at its current 3.2% (highly unlikely).  At the end of 10 years, she&#8217;d have $1,685 in &#8220;forgiveness.&#8221;  If, instead, she borrows $30,000 we&#8217;d eat $8,568 of the loan.  If she borrows the $46,000 maximum, $30,593.  Sense a pattern here?  Above a certain threshold (around $23,800), her payments are fixed no matter how much she borrows.  That&#8217;s a gift of $22,200 from the US Treasury.  And, she doesn&#8217;t have to use it for educational expenses.  Student loans can be used for anything.  Howard Dean just bought every new teacher a <a href=\"http:\/\/www.fordvehicles.com\/cars\/taurus\/glance\/index.asp#Taurus_SES\">Taurus SES<\/a> with your money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Howard Dean has proposed a federal program that would provide teachers and other &#8220;public servants&#8221; with some very generous student-loan terms. The loan payments would be capped at 7% of their salary and the balance would be forgiven after 10 years. To see how generous (with your tax money) this really is, consider this scenario: [&hellip;]<\/p>\n","protected":false},"author":106,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/cobranchi.com\/index.php?rest_route=\/wp\/v2\/posts\/2118"}],"collection":[{"href":"https:\/\/cobranchi.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cobranchi.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cobranchi.com\/index.php?rest_route=\/wp\/v2\/users\/106"}],"replies":[{"embeddable":true,"href":"https:\/\/cobranchi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2118"}],"version-history":[{"count":0,"href":"https:\/\/cobranchi.com\/index.php?rest_route=\/wp\/v2\/posts\/2118\/revisions"}],"wp:attachment":[{"href":"https:\/\/cobranchi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cobranchi.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cobranchi.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}