Remember when rderp wasn't a complete fucking hack?
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I don't.
Nor do I.
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Remember when rderp wasn't a complete fucking hack?
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...........
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I don't.
Fannie and Freddie started demanding bank provide them "No Income No Asset" Loans.
The Republicans have found something else important enough to hold hostage, typical.
Giving the student loan program back to the banks just makes no sense. I guess that's why the GOP candidate supports it.
Makes sense when the federal government has no such power to grant or guarantee such loans... you want the power, there is an amendment process to have the states grant and ratify that power
Giving the student loan program back to the banks just makes no sense. I guess that's why the GOP candidate supports it.
Makes sense when the federal government has no such power to grant or guarantee such loans... you want the power, there is an amendment process to have the states grant and ratify that power
Why do you idiots defend the very people who caused this mess and want to reward them further?
Nationalize Student Loans - Socialism
All the Republican "experts" said is was another step towards "socialism". And what was actually happening.
Banks gave out student loans and the interest made them a fine profit. The loans were guaranteed by the US government which meant the banks had near zero risk. Basically, they simply collecting interest with no risk involved. The Republican "theory" was that banks would be "competitive" making loans competitive. Only they weren't. Simply another Republican economic theory based on "gut" feeling without actual data or study to back it up. So tired of that.
So Democrats "nationalized" student loans but no one was watching because everyone was watching "Obamacare", that terrible program that helps millions of Americans.
So what happened is that the government was giving out student loans and instead of banks making a profit for doing nothing, that interest money has been going into "Pell Grants". I love the way Democrats use creative ways to pay for helping the American Middle Class. According to Republicans, it's so "unAmerican".
Now this entire scenario has Republicans furious. Banks cut out of this "easy money". Terrible. That's not "capitalism", it's "socialism". How awful. This is why they want to DOUBLE interest rates. Someone has to pay for these "tax breaks" to poor billionaires. Republicans have simply discovered a "new" target.
This is why watching Mitt Romney talking about class size and why bigger is better was hilarious. In Republican schools, they teach, "if banks do well, America does well" except when that's not true. Mittens actually insisting a larger class size is better? Because of his "expertise" with third world and public schools no doubt. At least that's what he said.
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Unless Congress intervenes, interest rates on federally-subsidized Stafford loans will double from 3.4% to 6.8% on July 1st, 2012 for over 7.4 million students. President Obama and Congressional Democrats are working to prevent this $1,000 debt increase for students by passing the Stop the Student Loan Interest Rate Hike Act. Congressional Republicans are standing in the way, filibustering the bill and pushing budget proposals that would raise rates on student loans to pay for more tax breaks for millionaires and wealthy special interests.
Republican Agenda on Student Loans? Double Interest Rates to Pay for Tax Breaks for Millionaires
The free market cures all ills you commie scab! If government could just GET OUT of the way of subsidized student loans and pell grants - the free market would make those things work better!
....The Folks At BU$HCO....
Why do you idiots defend the very people who caused this mess and want to reward them further?
Why do you continue to post and show us that you belong in a home for those whose brainwaves are so small they can't be detected ?
Nothing will work or get paid back until the country recovers from the Pub world depression. How 'bout a gd Job Act, a-hole Pubs...The US got us in this mess, and only the US can get us out...
Nothing will work or get paid back until the country recovers from the Pub world depression. How 'bout a gd Job Act, a-hole Pubs...The US got us in this mess, and only the US can get us out...
Student loan interest rates about to double. Will Republicans be "dancing in the street"?
Nationalize Student Loans - Socialism
All the Republican "experts" said is was another step towards "socialism". And what was actually happening.
Banks gave out student loans and the interest made them a fine profit. The loans were guaranteed by the US government which meant the banks had near zero risk. Basically, they simply collecting interest with no risk involved. The Republican "theory" was that banks would be "competitive" making loans competitive. Only they weren't. Simply another Republican economic theory based on "gut" feeling without actual data or study to back it up. So tired of that.
So Democrats "nationalized" student loans but no one was watching because everyone was watching "Obamacare", that terrible program that helps millions of Americans.
So what happened is that the government was giving out student loans and instead of banks making a profit for doing nothing, that interest money has been going into "Pell Grants". I love the way Democrats use creative ways to pay for helping the American Middle Class. According to Republicans, it's so "unAmerican".
Now this entire scenario has Republicans furious. Banks cut out of this "easy money". Terrible. That's not "capitalism", it's "socialism". How awful. This is why they want to DOUBLE interest rates. Someone has to pay for these "tax breaks" to poor billionaires. Republicans have simply discovered a "new" target.
This is why watching Mitt Romney talking about class size and why bigger is better was hilarious. In Republican schools, they teach, "if banks do well, America does well" except when that's not true. Mittens actually insisting a larger class size is better? Because of his "expertise" with third world and public schools no doubt. At least that's what he said.
-------------------------------------------------------
Unless Congress intervenes, interest rates on federally-subsidized Stafford loans will double from 3.4% to 6.8% on July 1st, 2012 for over 7.4 million students. President Obama and Congressional Democrats are working to prevent this $1,000 debt increase for students by passing the Stop the Student Loan Interest Rate Hike Act. Congressional Republicans are standing in the way, filibustering the bill and pushing budget proposals that would raise rates on student loans to pay for more tax breaks for millionaires and wealthy special interests.
Republican Agenda on Student Loans? Double Interest Rates to Pay for Tax Breaks for Millionaires
Nationalize Student Loans - Socialism
All the Republican "experts" said is was another step towards "socialism". And what was actually happening.
Banks gave out student loans and the interest made them a fine profit. The loans were guaranteed by the US government which meant the banks had near zero risk. Basically, they simply collecting interest with no risk involved. The Republican "theory" was that banks would be "competitive" making loans competitive. Only they weren't. Simply another Republican economic theory based on "gut" feeling without actual data or study to back it up. So tired of that.
So Democrats "nationalized" student loans but no one was watching because everyone was watching "Obamacare", that terrible program that helps millions of Americans.
So what happened is that the government was giving out student loans and instead of banks making a profit for doing nothing, that interest money has been going into "Pell Grants". I love the way Democrats use creative ways to pay for helping the American Middle Class. According to Republicans, it's so "unAmerican".
Now this entire scenario has Republicans furious. Banks cut out of this "easy money". Terrible. That's not "capitalism", it's "socialism". How awful. This is why they want to DOUBLE interest rates. Someone has to pay for these "tax breaks" to poor billionaires. Republicans have simply discovered a "new" target.
This is why watching Mitt Romney talking about class size and why bigger is better was hilarious. In Republican schools, they teach, "if banks do well, America does well" except when that's not true. Mittens actually insisting a larger class size is better? Because of his "expertise" with third world and public schools no doubt. At least that's what he said.
-------------------------------------------------------
Unless Congress intervenes, interest rates on federally-subsidized Stafford loans will double from 3.4% to 6.8% on July 1st, 2012 for over 7.4 million students. President Obama and Congressional Democrats are working to prevent this $1,000 debt increase for students by passing the Stop the Student Loan Interest Rate Hike Act. Congressional Republicans are standing in the way, filibustering the bill and pushing budget proposals that would raise rates on student loans to pay for more tax breaks for millionaires and wealthy special interests.
Republican Agenda on Student Loans? Double Interest Rates to Pay for Tax Breaks for Millionaires
All Obama did was change who administered the loans. A federally subsidized student loan is a de-facto government loan as the government guarantees the loan made by a private bank. The private bank in essence only acts to service the loan. They have to provide the capital but since the capital is protected by a government guarantee the capital they provide isn't actually at risk of loss - its the same as unspent cash.
The $200 is small change compared with the $12,726 in tuition and fees the typical in-state undergraduate paid last year. But it shows how colleges and universities in recent years have hiked fees to cover lost government support and multibillion-dollar expansion programs. "It adds up," Perucho, of Neptune City, said of that and other fees. The incoming junior, grateful for an ample scholarship, still wishes there was a way to have the fee waived for high academic performance.
Higher education costs have outstripped inflation for the last 30 years, experts say, mostly because of dwindling government aid, more expensive housing and academic buildings to attract students, and more administrators. The costs are being passed on to students and their families, who find themselves falling deeper into debt as the tuition bill climbs. The nationwide tuition debt is now closing in on $1 trillion.
Kathleen Bijas knows how debt repayment goes. Saddled with $160,000 in student loans, the emergency room nurse from Ocean Township uses about half of her take-home pay to whittle down her debt, she said. At 27, she lives at home with her parents while the $1,608-a-month payments take their toll despite a stable job and comfortable salary. "I won't be able to buy a home. I can't buy a car," said Bijas, who now makes about $60,000 a year. "The idea of getting married and getting kids is frightening. If I can't afford to move out of my parents' house, how can I afford to raise someone? It's all going right out the window."
Some experts say ballooning college debt and increases in tuition can't be sustained. "The real problem is that education costs too much," said Glenn Harlan Reynolds, law professor at the University of Tennesseem and author of "The Higher Education Bubble." "You shouldn't have to borrow six figures to get a college education," he said. Taxpayers need to pressure lawmakers to keep public school tuition low, he said.
Outpacing inflation
Student loan interest rates about to double. Will Republicans be "dancing in the street"?
Student loans, said our new friend, Barry Dyke. He has been following the money and he sees a lot of it going to education. Why?
It worked just like subprime, he explained. The feds bankrolled it. Guaranteed it. Regulated it. And conveniently didnt notice as it got to monstrous proportions. Then, when it blows up, theyll be there again, pointing fingers and promising to regulate more heavily.
When you pay for something, you get more of it, says presidential candidate Ron Paul.
The feds paid for one heckuva a lot of education, subsidizing students and colleges with trillions of dollars. They pay for GIs to go to school. They give grants to the schools themselves. And they hand out hundreds of billions in loans, at low teaser rates (just like subprime!) to students, often to students who are unqualified and unlikely to get much out of it.
More here:As the nation amasses more than $1 trillion in student loans, education experts say a vexing new problem has emerged: A growing number of young people have a mountain of debt but no degree to show for it.
Nearly 30 percent of college students who took out loans dropped out of school, up from fewer than a quarter of students a decade ago, according to a recent analysis of government data by think tank Education Sector. College dropouts are also among the most likely to default on their loans, falling behind at a rate four times that of graduates
.