Obama did that - the student loan scam is killing America

[owebo]

The goal of Obamas nationalizing of loans for education (student loans) is to destroy private colleges...

The Student-Loan Scam Killed ITT Tech

 

[BluesLegend]

Go into debt to the federal government and join millions on the Democratic party plantations.

 

[JoeB131]

The goal of Obamas nationalizing of loans for education (student loans) is to destroy private colleges...

The Student-Loan Scam Killed ITT Tech

what killed ITT is that it was a scam from the very beginning. Like the University of Phoenix and a bunch of others that promise degrees and provide nothing.

Libertarian Quacks don't know what they are talking about.

 

[owebo]

The goal of Obamas nationalizing of loans for education (student loans) is to destroy private colleges...

The Student-Loan Scam Killed ITT Tech

what killed ITT is that it was a scam from the very beginning. Like the University of Phoenix and a bunch of others that promise degrees and provide nothing.

Libertarian Quacks don't know what they are talking about.

It is the epitome of the Obama....

Degrees for everyone....only public degrees, not private, uncontrollable by democrats, ones.....

 

[iamwhatiseem]

The goal of Obamas nationalizing of loans for education (student loans) is to destroy private colleges...

The Student-Loan Scam Killed ITT Tech

what killed ITT is that it was a scam from the very beginning. Like the University of Phoenix and a bunch of others that promise degrees and provide nothing.

Libertarian Quacks don't know what they are talking about.

Notwithstanding, the article is a decent assessment of the overall status of the insane student loan bubble...that will bust.

 

[JakeStarkey]

Take the private sector out of the student loan program and have government loan at COL levels.

 

[JoeB131]

Notwithstanding, the article is a decent assessment of the overall status of the insane student loan bubble...that will bust.

How? The reason why the Housing Bubble Burst was that all those McMansions couldn't be resold when their owners defaulted.

People can't default on their student loans so easily. If you stop paying, the government can garnish your tax returns.

That said, I do think we need to rethink our student loan system. We need to stop subsidizing the scams like ITT and Pheonix and all those annoying things that pop up on your browser. There should be standards before you get a loan.

 

[iamwhatiseem]

Take the private sector out of the student loan program and have government loan at COL levels.

That doesn't solve it.
The problem with the student loan bubble is two-fold..,.

#1 - Loans made to students who have almost no chance of ever paying the loan off, not to mention that many of these same extreme high risk "students" also receive tax dollars for living expenses.
#2 - "Loans for the asking" mentality of the government system provides an impossible to resist temptation for schools to overcharge. They overcharge in two ways - bloated tuition, and bloated class requirements. Guaranteed loans means guaranteed payments to schools....almost no matter what.

 

[JakeStarkey]

Take the private sector out of the student loan program and have government loan at COL levels.

That doesn't solve it.
The problem with the student loan bubble is two-fold..,.

#1 - Loans made to students who have almost no chance of ever paying the loan off, not to mention that many of these same extreme high risk "students" also receive tax dollars for living expenses.
#2 - "Loans for the asking" mentality of the government system provides an impossible to resist temptation for schools to overcharge. They overcharge in two ways - bloated tuition, and bloated class requirements. Guaranteed loans means guaranteed payments to schools....almost no matter what.

#1 - qualify (vet) the applicants first.
#2 - qualify (vet) the applicants first.

 

[WheelieAddict]

Obamaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Disir]

The goal of Obamas nationalizing of loans for education (student loans) is to destroy private colleges...

The Student-Loan Scam Killed ITT Tech

ITT imploded and has long been known, like Corinthian, to be a waste of time and money. The only way this school could exist is by federal loans. ITT is a scam.

Private universities are Dartmouth, Princeton, John Hopkins, Loyola etc. You think they are worried? Nah. Do you know why?

ITT could not even pull it's head out long enough to recreate a vo-tech school worth a damn.

 

[racialreality9]

Not to defend Obama, but it's the Jews.

 

[WheelieAddict]

Not to defend Obama, but it's the Jews.

^the alt-right that supposedly doesn't exist.

 

[Disir]

Not to defend Obama, but it's the Jews.

^the alt-right that supposedly doesn't exist.

That isn't the alt-right. He's an attention whore.

 

[WheelieAddict]

Not to defend Obama, but it's the Jews.

^the alt-right that supposedly doesn't exist.

That isn't the alt-right. He's an attention whore.

My bad.

 

[owebo]

Obamaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So, are you telling us your Obama didn't nationalize that part of the private banking system?

 

[WheelieAddict]

Obamaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So, are you telling us your Obama didn't nationalize that part of the private banking system?

I'm telling you Obama is taking our guns and instituting martial law so he can have a third term. Be prepared.

 

[owebo]

Obamaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So, are you telling us your Obama didn't nationalize that part of the private banking system?

I'm telling you Obama is taking our guns and instituting martial law so he can have a third term. Be prepared.

So, yes....

 

[tyroneweaver]

Not to defend Obama, but it's the Jews.

ya, that Jesus guy had a lot of dumb ideas.

 

[Zoom-boing]

Gov't shouldn't be in the student loan business at all.

Banks should be and yes, they should charge students a higher rate (omg, that's not fair!!!). because students are higher risk to insure.

No gov't bucks flowing to colleges, higher interest rates = less students applying for loans, less students going to school = schools will have no choice but to lower costs.

Win/win.

fwiw, college is completely over rated.