"Sure, I can understand the basic laws of supply and demand, and there may even have been one point during economics in senior year – in high school – when I actually understood how the stock market worked. But still, taken as a whole, the economy puzzles me like nothing else.
Well, students that can still qualify for subsidized student loans from the federal government will only have to pay an interest rate of about 6 percent. However, students who go to private firms for loans because they no longer qualify for the federal program may be looking at interest rates of up to 13 percent.
The economy is a tough thing to understand. But as university students, poised to go out into the job market or even to law school, it would be in our best interest to figure out exactly what is going on.
At the very least, some acronym-dropping of “GDP” or “IRA” might help you impress and amaze at a pre-finals kickback.