Posted on 03/23/2010 7:08:11 PM PDT by From The Deer Stand
Sen. Graham just noted that students who get loans through the government-takeover of the student loan program (part of the health care bill) will pay $1700 more during the life of their loans. The student loan program, of course, is more vote-buying payback among many other vote-buying schemes from the "most ethical" congress, as Nancy Pelosi calls it. Students are encouraged to pay attention, learn, read, and realize they will be paying more student loan fees thanks to Obama and more taxes once they get a job.
I would modify that to "if they get a job."
and even MORE taxes if Sen. Graham gets his way with cap and tax.
Just more of the same, point fingers and hope they don’t know it was YOU who farted.
Students are encouraged to pay attention, learn, read, and realize they will be paying more student loan fees unless they work for the government which counts as “public service” and results in Uncle Sam waiving a huge amount of the cost. Students will also be encouraged (forced) to join the public sector union representing their particular area of government work.
Fixed it for ya...
I dearly wants to get me some of that government cheese.
Does the bill actually take away privately contracted student loans, such as if your child got a loan with a credit union, now the government takes it over?
Don’t really poor students get to vote this November?
The way I understand it, no more private student loans. The government and the government only is a student loan lender. So, don’t talk to your favorite banker for a deal.
No. Apparently, that's only for rich students. LOL!
We will have many more students like Robyn Foster:
http://www.youtube.com/watch?v=S-KFA1U8iOw&feature=player_embedded
What about a credit union?
Or from family?
And, I found this from another Q & A on student loans:
Is this a federal “takeover” of the student loan program?
Only a little. Until now, the federal government guaranteed the private lenders that made Stafford and PLUS loans that it would repay 97 cents on the dollar for loans that go into default. Now the government will make all the loans, thus taking on the last 3 percent of the risk, and keep the billions of dollars it used to pay to private companies for making the loans. The Congressional Budget Office estimates that’s a good deal for taxpayers, with the net gain to the Treasury totaling more than $60 billion over the next 10 years. Private lenders and banks will no longer get paid by the federal government to make the federally subsidized and guaranteed student loans, but they will still be free to raise private capital from investors and make private loans.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.