Obamacare STUDENT LOAN STUPIDITY!!!

DiamondDave · #16 (**permalink**) 03-11-2011, 02:06 PM

Quote: Originally Posted by kiwiman127

Quote: Originally Posted by DiamondDave

Quote: Originally Posted by beowolfe

you have to love youngsters (and I'm assuming your a youngster). Before the GOP farmed out student loans to the private sector increasing their cost to the students, you didn't have to go through any of this. The feds loaned you the money and you paid them back. Simple. No interest required, because your becoming an educated working tax payer is how the government earned it's interest.

Government is not there to take care of your personal responsibility... whether it is 'simple' or not

Adults should bear the burden of the costs of things they want

Another swipe at the working class! If things followed your path, no one who didn't come from money would have a chance at a higher education.
Why do some people want America to be just plain uneducated and unable to compete in the international economy?
Also, way to address Beowolfe 100% accurate statement that the GOP are the ones who really screwed things up regarding student loans.

How is it a swipe at the working class to call for personal responsibility for the expenses of ones own wants and needs?

Explain why you are owed something from government or others for simply existing? Whether it be an entitlement or loan...

Nobody wants America to be uneducated... simply for you to work and pay for the education you want as an adult... whether it be thru your own savings, family help, loans, work benefit compensation, military GI Bill or college fund, or whatever else.... but the key is that it is YOUR responsibility to get it thru your own means and it is not anyone's responsibility to simply have it owed to you (as a government program makes it)

**Mr. Shaman** · #17 (**permalink**) 03-11-2011, 02:07 PM

Quote: Originally Posted by GHook93

The more and more you look into Obamination care the worse and worse it looks. The only good thing is it gets rid of preexisting condition (in 2014)! This bill is one of the worst in history!

O.K., Loudmouth....what else are you whining-about??

Quote:

Health Care Reform

I'm guessin' your response is gonna be like any other "conservative".....

**Mr. Shaman** · #18 (**permalink**) 03-11-2011, 02:16 PM

Quote: Originally Posted by GHook93

Quote: Originally Posted by beowolfe

Quote:

In the past, before Obamacare, you would go to your lender (or another lender) consolidate your loans, get a lower rate and a better term. You would shop around, like you do with mortgages, credit cards, auto loans etc.! That is what it used to be!!!

you have to love youngsters (and I'm assuming your a youngster). Before the GOP farmed out student loans to the private sector increasing their cost to the students, you didn't have to go through any of this. The feds loaned you the money and you paid them back. Simple. No interest required, because your becoming an educated working tax payer is how the government earned it's interest.

I wish that was the case now, but it's not.

Right now we have lack of competition, so the rates are very high. From a private lender I got 2.47 on most of my loans. They are higher now for anyone taking out a student loan, regardless of historically low rates.

And you guest wrong on me being a youngster (my loans are post grad education). Back in undergrad I would have been on Mr. S, Ravi and the other clueless liberals side. Glad I grew up!

Ya' grew up, huh??

You still need help paying for your education....and, you consider yourself grown-up, huh?

**Mr. Shaman** · #19 (**permalink**) 03-11-2011, 02:40 PM

Quote: Originally Posted by kiwiman127

Quote: Originally Posted by DiamondDave

Quote: Originally Posted by beowolfe

you have to love youngsters (and I'm assuming your a youngster). Before the GOP farmed out student loans to the private sector increasing their cost to the students, you didn't have to go through any of this. The feds loaned you the money and you paid them back. Simple. No interest required, because your becoming an educated working tax payer is how the government earned it's interest.

Government is not there to take care of your personal responsibility... whether it is 'simple' or not

Adults should bear the burden of the costs of things they want

Another swipe at the working class! If things followed your path, no one who didn't come from money would have a chance at a higher education.

Why do some people want America to be just plain uneducated and unable to compete in the international economy?

Wellllllllllll.....ya' gotta understand. Student-loans are a long-term investment (in our economy); what "conservatives" consider Socialism. If there are no short-term profit$, involved....any investment (in their eyes) is considered wasteful-spending....especially if there's a risk those loan-beneficiaries might compete (directly; in the workplace) with the "conservatives'" lil' Prom Kings/Queens (at home).

It's like a soft-version o' bigotry/racism; why should the "conservatives'" kiddies have to (actually) compete (in the real-World), when it's a whole-lot-more convenient, in Mom's & Pop's eyes, to simply eliminate the competition.

GHook93 · #20 (**permalink**) 03-11-2011, 02:47 PM

Grow up man!

Quote: Originally Posted by Mr. Shaman

Quote: Originally Posted by kiwiman127

Quote: Originally Posted by DiamondDave

Government is not there to take care of your personal responsibility... whether it is 'simple' or not

Adults should bear the burden of the costs of things they want

Another swipe at the working class! If things followed your path, no one who didn't come from money would have a chance at a higher education.

Why do some people want America to be just plain uneducated and unable to compete in the international economy?

Wellllllllllll.....ya' gotta understand. Student-loans are a long-term investment (in our economy); what "conservatives" consider Socialism. If there are no short-term profit$, involved....any investment (in their eyes) is considered wasteful-spending....especially if there's a risk those loan-beneficiaries might compete (directly; in the workplace) with the "conservatives'" lil' Prom Kings/Queens (at home).

It's like a soft-version o' bigotry/racism; why should the "conservatives'" kiddies have to (actually) compete (in the real-World), when it's a whole-lot-more convenient, in Mom's & Pop's eyes, to simply eliminate the competition.

**Mr. Shaman** · #21 (**permalink**) 03-11-2011, 02:49 PM

Quote: Originally Posted by GHook93

Quote: Originally Posted by Mini 14

Quote: Originally Posted by GHook93

Good question good question indeed!

This student loan reform was part of the Obamination bill. It was written directly into the bill.

Yes, it was. How quickly they forget, huh?

I asked the same thing a while back when all my private student loan consolidation customer were going out of business. Education Direct, Next Student etc. These guys spent over $100K annually with me. They were gone nearly over night. I said "when was this bill passed?" The answer, "It was part of Obamacare." My reply,"What the hell does student loans have to do with healthcare!"

Gee.....and, you consider yourself educated, huh??

Quote:

Federally $ub$idized Student Loans Moving From Private Banks

(Current-events are too-challenging for you professional-students?

)

Ravi · #22 (**permalink**) 03-11-2011, 02:52 PM

Quote: Originally Posted by GHook93

I decided to look into today to consolidating my student loans, because after looking at some of the interest rates. I have some low ones at 2.47 and some high ones at 8.5. My current lender said that they can't consolidate anymore (neither can any private company in the country either), so you have to go to the department of education.

In the past, before Obamacare, you would go to your lender (or another lender) consolidate your loans, get a lower rate and a better term. You would shop around, like you do with mortgages, credit cards, auto loans etc.! That is what it used to be!!!

NOT anymore with the Obamaloanstore. What they do now is take a weighted average of your student loans interest rates and give you a weighted average (interest rate (meaning they take the average and then raise it a little). OK, so if I go in with a 2.47 and 8.50. The average is 5.49, then they add on to that and get it to 6.49. That is a deal only a liberal could like. Say I go in with four 8.5% loans, I get a 9.5%! So where is the benefit? The answer? There is none. ZERO!!! This is the only place you can go to for consolidation! THEY GAVE THE FEDERAL GOVERNMENT A MONOPLY AND A LICENSE TO FUCK PEOPLE! Obama is a fucking moron!

He federalize the student loan market and trying to say its a better. Really students are now snow-job! They can't consolidate. They can't get a better rate or payment. There are no options! NONE. I am suck paying a 8.5% when rates are at there lowest point in HISTORY! WTF!

Great question would be at this point, is why is a healthcare law making the worst and most drastic change to student loans!

The way you write...you should sue the schools, you can't even string together a coherent sentence.

And wtf! You're whining about your government hand out?

**gekaap** · #23 (**permalink**) 03-11-2011, 02:56 PM

Quote: Originally Posted by GHook93

I posted the number and website to go to. Try calling it. It will take 3-4 minutes max!

If you need a private lender to call to verify try accessgroup.org - Paying for Graduate School, Financial Aid Information and Student Loan Repayment.

I am not going to go call anyone on the phone to back up your claims.

Show us something in the Health Care bill that has anything to do with your problems with your student loans.

**Mr. Shaman** · #24 (**permalink**) 03-11-2011, 02:58 PM

Quote: Originally Posted by DiamondDave

Quote: Originally Posted by kiwiman127

Quote: Originally Posted by DiamondDave

Government is not there to take care of your personal responsibility... whether it is 'simple' or not

Adults should bear the burden of the costs of things they want

Another swipe at the working class! If things followed your path, no one who didn't come from money would have a chance at a higher education.
Why do some people want America to be just plain uneducated and unable to compete in the international economy?
Also, way to address Beowolfe 100% accurate statement that the GOP are the ones who really screwed things up regarding student loans.

How is it a swipe at the working class to call for personal responsibility for the expenses of ones own wants and needs?

I'm guessin' GHook93 can tap-dance around that one.....unless, of course, post-grads are (somehow) exempt from such consideration.

**Mr. Shaman** · #25 (**permalink**) 03-11-2011, 03:02 PM

Quote: Originally Posted by Ravi

Quote: Originally Posted by GHook93

I decided to look into today to consolidating my student loans, because after looking at some of the interest rates. I have some low ones at 2.47 and some high ones at 8.5. My current lender said that they can't consolidate anymore (neither can any private company in the country either), so you have to go to the department of education.

In the past, before Obamacare, you would go to your lender (or another lender) consolidate your loans, get a lower rate and a better term. You would shop around, like you do with mortgages, credit cards, auto loans etc.! That is what it used to be!!!

NOT anymore with the Obamaloanstore. What they do now is take a weighted average of your student loans interest rates and give you a weighted average (interest rate (meaning they take the average and then raise it a little). OK, so if I go in with a 2.47 and 8.50. The average is 5.49, then they add on to that and get it to 6.49. That is a deal only a liberal could like. Say I go in with four 8.5% loans, I get a 9.5%! So where is the benefit? The answer? There is none. ZERO!!! This is the only place you can go to for consolidation! THEY GAVE THE FEDERAL GOVERNMENT A MONOPLY AND A LICENSE TO FUCK PEOPLE! Obama is a fucking moron!

He federalize the student loan market and trying to say its a better. Really students are now snow-job! They can't consolidate. They can't get a better rate or payment. There are no options! NONE. I am suck paying a 8.5% when rates are at there lowest point in HISTORY! WTF!

Great question would be at this point, is why is a healthcare law making the worst and most drastic change to student loans!

The way you write...you should sue the schools, you can't even string together a coherent sentence.

Zoom-boing · #26 (**permalink**) 03-11-2011, 03:13 PM

Quote: Originally Posted by Ravi

Quote: Originally Posted by GHook93

I decided to look into today to consolidating my student loans, because after looking at some of the interest rates. I have some low ones at 2.47 and some high ones at 8.5. My current lender said that they can't consolidate anymore (neither can any private company in the country either), so you have to go to the department of education.

In the past, before Obamacare, you would go to your lender (or another lender) consolidate your loans, get a lower rate and a better term. You would shop around, like you do with mortgages, credit cards, auto loans etc.! That is what it used to be!!!

NOT anymore with the Obamaloanstore. What they do now is take a weighted average of your student loans interest rates and give you a weighted average (interest rate (meaning they take the average and then raise it a little). OK, so if I go in with a 2.47 and 8.50. The average is 5.49, then they add on to that and get it to 6.49. That is a deal only a liberal could like. Say I go in with four 8.5% loans, I get a 9.5%! So where is the benefit? The answer? There is none. ZERO!!! This is the only place you can go to for consolidation! THEY GAVE THE FEDERAL GOVERNMENT A MONOPLY AND A LICENSE TO FUCK PEOPLE! Obama is a fucking moron!

He federalize the student loan market and trying to say its a better. Really students are now snow-job! They can't consolidate. They can't get a better rate or payment. There are no options! NONE. I am suck paying a 8.5% when rates are at there lowest point in HISTORY! WTF!

Great question would be at this point, is why is a healthcare law making the worst and most drastic change to student loans!

The way you write...you should sue the schools, you can't even string together a coherent sentence.

And wtf! You're whining about your government hand out?

How do you figure that a loan is a hand-out? That doesn't even make sense. Pell Grant? Sure. But a loan that has to be paid back with interest? I don't think so, Tim.

Zoom-boing · #27 (**permalink**) 03-11-2011, 03:19 PM

Quote: Originally Posted by gekaap

Quote: Originally Posted by GHook93

I posted the number and website to go to. Try calling it. It will take 3-4 minutes max!

If you need a private lender to call to verify try accessgroup.org - Paying for Graduate School, Financial Aid Information and Student Loan Repayment.

I am not going to go call anyone on the phone to back up your claims.

Show us something in the Health Care bill that has anything to do with your problems with your student loans.

Wow, you ask for proof and he provides it so you holler "No way, Jose I'm not calling anyone" and you then move the goal post. What a loser.

Ravi · #28 (**permalink**) 03-11-2011, 03:25 PM

Quote: Originally Posted by Zoom-boing

Quote: Originally Posted by Ravi

Quote: Originally Posted by GHook93

I decided to look into today to consolidating my student loans, because after looking at some of the interest rates. I have some low ones at 2.47 and some high ones at 8.5. My current lender said that they can't consolidate anymore (neither can any private company in the country either), so you have to go to the department of education.

In the past, before Obamacare, you would go to your lender (or another lender) consolidate your loans, get a lower rate and a better term. You would shop around, like you do with mortgages, credit cards, auto loans etc.! That is what it used to be!!!

NOT anymore with the Obamaloanstore. What they do now is take a weighted average of your student loans interest rates and give you a weighted average (interest rate (meaning they take the average and then raise it a little). OK, so if I go in with a 2.47 and 8.50. The average is 5.49, then they add on to that and get it to 6.49. That is a deal only a liberal could like. Say I go in with four 8.5% loans, I get a 9.5%! So where is the benefit? The answer? There is none. ZERO!!! This is the only place you can go to for consolidation! THEY GAVE THE FEDERAL GOVERNMENT A MONOPLY AND A LICENSE TO FUCK PEOPLE! Obama is a fucking moron!

He federalize the student loan market and trying to say its a better. Really students are now snow-job! They can't consolidate. They can't get a better rate or payment. There are no options! NONE. I am suck paying a 8.5% when rates are at there lowest point in HISTORY! WTF!

Great question would be at this point, is why is a healthcare law making the worst and most drastic change to student loans!

The way you write...you should sue the schools, you can't even string together a coherent sentence.

And wtf! You're whining about your government hand out?

How do you figure that a loan is a hand-out? That doesn't even make sense. Pell Grant? Sure. But a loan that has to be paid back with interest? I don't think so, Tim.

Student loans are underwritten by the Federal government and offered at a lower percentage rate than non-student loans.

So yes, it is a bit of a handout.

**gekaap** · #29 (**permalink**) 03-11-2011, 04:16 PM

Quote: Originally Posted by Zoom-boing

Wow, you ask for proof and he provides it so you holler "No way, Jose I'm not calling anyone" and you then move the goal post. What a loser.

I asked him for proof, not to send me on a wide goose chase somewhere else to find it. I'd like to see for myself what the law says. Not waste my time listening to answering machines telling me to push star for more options.

Ravi · #30 (**permalink**) 03-11-2011, 06:47 PM

Quote: Originally Posted by Ravi

Quote: Originally Posted by Zoom-boing

Quote: Originally Posted by Ravi

The way you write...you should sue the schools, you can't even string together a coherent sentence.

And wtf! You're whining about your government hand out?

How do you figure that a loan is a hand-out? That doesn't even make sense. Pell Grant? Sure. But a loan that has to be paid back with interest? I don't think so, Tim.

Student loans are underwritten by the Federal government and offered at a lower percentage rate than non-student loans.

So yes, it is a bit of a handout.

Oh, and when the students default the government buys up the loans and tries to collect them, thereby protecting the bank...with very limited success in collecting from the defaulters.

So yeah, ghook should quit whining and thank our social programs for underwriting his ungrammatical ass.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

The Following User Says Thank You to Zoom-boing For This Useful Post:
Wicked Jester (03-11-2011)

The Following User Says Thank You to Ravi For This Useful Post:
SgtMeowenstein (03-13-2011)