To: SeekAndFind
If the IRS started deducting student loan payments from tax refunds, the loan would often get repaid. Heck, in many cases, the “Earned Income Tax Credit” - welfare money given to taxpayers making up to 45K - would “pay” the loan, so the government would simply pay the loan out of the receiver’s welfare money.
But the best way to do it would be to have private banks make student loans, based on likelihood of repayment. Want a loan to study chemical engineering? Can do! Want one to do “womyn studies”? What is your collateral!
18 posted on
04/07/2016 8:04:42 AM PDT by
Mr Rogers
(We're a nation of infants, ruled by their emotion)
To: Mr Rogers
If the IRS started deducting student loan payments from tax refunds, the loan would often get repaid. Heck, in many cases, the Earned Income Tax Credit - welfare money given to taxpayers making up to 45K - would pay the loan, so the government would simply pay the loan out of the receivers welfare money.
The IRS does do this. But, it's only if you've been in default for a while, they can match your SSNs, and you actually get a refund.
To: Mr Rogers
B I N G O !!!
Remove what the ding-a-ling occupying the White House did to the student loan program.
27 posted on
04/07/2016 8:38:12 AM PDT by
wita
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