Student rates

Commentary: Cancellation of student loans will give young Americans a boost | wild notice

OK Friends Boomers, I understand. When we went to college, we didn’t need government guaranteed loans. Our parents gave us little or nothing, but we worked two or three jobs and paid for our own expenses. What’s wrong with this generation? They took out a loan, they should pay.

Well, my freshman tuition at the University of Minnesota was $125 per term. Three quarters (the standard year) therefore cost $375. According to the American Institute for Economic Research, in today’s cost of living dollars, that would be $3,413.69. It would be reasonable.

Rochelle Eastman is a Savage resident who writes for Community Voices.