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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…
Last fall it started. Congressional legislators like Senator Dick Durbin (D-Ill.) proposed – and president-elect Obama supported – “cram down” legislation allowing bankruptcy judges the ability to modify mortgages of primary residences. If lawmakers thought this was a good idea, it was certain that future legislation would allow modification of other loans including automobiles, credit…
This time it is the Department of Education that would seem to be overstepping its bounds. Thanks to their vigilence, we will today learn the identities of the most expensive colleges and universities in the United States, based upon data that the colleges and universities are required to file with the federal government. This information,…
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?
Not only the children of illegal aliens that were born in the United States, but also illegal aliens themselves. So if you’re born and raised in Agawam, Mass. and want to come to a Connecticut college, you need to pay the out-of-state tuition rate but if you enter the United States illegally and reside in…