Posts Tagged ‘student loans’
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…
Read MoreObama 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…
Read MoreIt’s not student loan interest – it’s the principal and principle of it all
Does everyone understand how low student loan rates are? Borrowing money for college during the last 10 years has never been less expensive. So why are Democrats freaking out about the loan interest rates, while turning a blind eye to the huge tuition increases at public (and private) colleges and universities?
Read MoreMother does not want to pay deceased son’s student loans (Update)
Do you think the holder of a private school loan is heartless for demanding payment on a student loan of a person who has died?
Read MoreYet 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.
Read MoreCollege loan debt exceeds credit card and auto loan debt in United States
If someone asked you about total college loan debt as compared to credit card and car loan debt, would you know that college loan debt was highest?
Read More“My son’s losing hope” Obama: But we passed health care and took over student loan industry
Broken record indeed. The only answer President Obama has in response to questions like the one asked yesterday in Iowa is that he knows times are tough, but at least kids have health care until they are 26 and the government took over the “terrible” student loan system.
Read MoreSallie Mae to lay off 2,500 as federal government bans private student loans
Democrats in Congress don’t like middlemen; at least they don’t like middlemen in the private sector. The Obama administration and Democrats – exclusively – banned private banks and financial institutions from the student loan business, and 2,500 employees at Sallie Mae will lose their jobs.
Read MoreObamacare 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…
Read MoreFederal 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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