Shiv Nadar Quotes

Financial Aid Office (FAO) administrators are scrambling to educate students on repaying loans, but a disparity in knowledge persists.

Some people, they got housing loans, and I think they're responsible for taking a loan they didn't qualify for?

All of those loan programs that the federal government administers have flaws.

About two-thirds of bachelor's degree holders borrow to go to school, and on average they're graduating with more than $26,000 in debt.

I would also certainly continue to keep loan repayment interest rates as low as possible. And I would spread the financial aid a little less thinly across all income brackets.

Let's get one thing straight: No one wants Stafford loan interest rates to increase.

Private student loans should be avoided at all costs.

If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.

I came from a working-class family, but I was supported by a grant system and had my fees paid, so I came out of Oxford with a debt of something like £200.

Poorer students take out larger loans and will have to contribute more to the cost of higher education.

Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up to /1,125 out of their loans at the start of each year. Student loans will also rise to meet average living costs.

If you are in banking and lending, surprise outcomes are likely to be negative for you.

I learned how to lend money by cleaning up the messes of others who had made loans before me.

It makes no difference how low tuition is if the student has no source of funds to pay that tuition.

The only thing wrong with student loans is that you have to pay them back.

When borrowers anticipate that politicians might cancel their loans, they stop paying.

I'm an executive director at a company which gives out retail loans.

Maintenance grants, a proud Labour achievement which made it easier for children from lower and middle income families to go to university, have been abolished in one fell swoop. To be replaced with loans.

A bank is a place that will lend you money if you can prove you don't need it.

The American banking system, which at one time extended productive loans to agriculture and industry, has today become a giant betting machine

Some people say that we can’t afford to help our kids through school by keeping student loan interest rates low. But … the federal government offers far lower interest rates on loans, every single day–they just don’t do it for everyone. Right now, a big bank can get a loan through the Federal Reserve … at a rate of about 0.75%. … a student who is trying to get a loan to go to college will pay almost 7%. … the federal government is going to charge students interest rates that are nine times higher than the rates for the biggest banks–-the same banks that destroyed millions of jobs and nearly broke this economy. That isn’t right.

It’s absolutely the case that the low cost college tuition that I was able to enjoy and the financial aid that I was able to receive made my education possible.

The loans I took out for my undergraduate degree were manageable. But my legal education was more expensive, and I paid for it almost entirely through public and private loans.

For millions of Americans, federally subsidized student loans and Pell Grants are an important resource for us to get ahead so we can achieve the American dream.

The federal government requires that its loans be paid back within 10 years of graduation, and Harvard has pegged its loans to the same 10-year timetable. Yet despite Harvard's low default rate, the idea of years of loan debt is daunting for some students even before it's time to pay back.