Evil school loan lenders versus the schools with all the money

On a pretty regular basis during the last few years, we’ve seen stories concerning “outrageous” student loan rates and “unbearably-high” student loan principal amounts. The target is almost always the evil private student loan industrial complex and the employers who just won’t pay these kids enough money to pay off their loans. Should they direct their…

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Obama to bypass Congress again – new student loan rules

In 2010, Congress pass and President Obama signed the Health Care and Education Reconciliation Act. Along with cutting off the private student loan market by removing subsidies, making loans pretty much the exclusive realm of the federal government, the legislation capped the repayments of new loans to 10 percent of the persons discretionary income. The previous cap…

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Yet another bad idea from the Obama administration

Last Friday, the Obama administration issued a “recommendation” to Congress.  These reports always seem to come out on a Friday in the hopes, I suppose, that no one is paying attention.   This one, much like many other “recommendations”, is a kick in the whatever to the private sector.

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Obamacare and student loans

Given the title of this post you are, no doubt, wondering how these two concepts could possibly be linked.  But, they are. To jam Obamacare down our throats, the House must first pass the Senate bill, and, simultaneously pass what I call the “fix it” bill.  The “fix it” bill will include the things that the House…

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Federal government quietly takes over student loan market

We’ve been monitoring the health care debate for weeks, but there are many other incremental changes the Obama administration wants to do to federalize more and more of what used to be the private sector. Student loans could soon be the exclusive realm of the feds if people do not search for monthly loan no…

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