The Daily Gazette
The Locally Owned Voice Of The Capital Region

Letters to the Editor for May 6

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Local pilots forced into back seat at Spa County airport Re May 2 article, “Glider pilots unhappy with new airport rules”: The Saratoga County Building and Grounds Committee should be ashamed of its actions. Over the past year, tension has been increasing between the county, North American Flight Service, the glider community and other tenants at the airport. Saratoga Soaring Association and Adirondack Soaring Group both lease hangars at the airport and fly regularly there ...

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May 7, 2012
10:52 a.m.

[ Flag Post ]

Only the big banks benefit from high student loan debt because it is not subject to bankruptcy laws as is most other debt. This is the most toxic form of debt a person can take on because it will follow you forever. Interest on your savings account is currently at ZERO- 30 year mortgage rates are at 4%- so ask yourself why student loans today are not closer to 2%?? Meanwhile, wealthy investors and corporations can get out of paying their debt obligations easily through bankruptcy after paying paying out million dollar salaries to themselves. This is how the 1% continue to get wealthier while the middle class is falling into poverty. Students: if you can, borrow college money from a relative and skip student loans all together- a relative may be able to secure you a loan from a home equity line of credit (currently at 2.5%) or have money sitting in savings earning nothing!! And consider paying for one class at a time and skip the cost of room and board and living on campus if possible. You need a college degree to stay out of poverty.But unfortanetly today, the very loans to get those degrees are another way to keep you from getting ahead.