To: Red in Blue PA
New borrowers who assume loans after July 1, 2014 And of course us old borrowers who followed the rules get screwed.
45 posted on
03/30/2010 8:57:32 AM PDT by
Domandred
(Fdisk, format, and reinstall the entire .gov system.)
To: Domandred
“
And of course us old borrowers who followed the rules get screwed.
“
Picking winners and losers in order to max his buying of votes.
That’s Obama’s Five Year Plan.
117 posted on
03/30/2010 9:28:12 AM PDT by
VOA
To: Domandred
And of course us old borrowers who followed the rules get screwed.
Seriously. I wonder if we can re-fi our old loans after 2014. I don't see here if they're going to lower the interest rates on the loan. Right now, direct loans from the federal government have no better interest rates than what I'm paying now with my (semi-)private loans.
If they aren't offering a better interest rate, then I'll stay with my current lender anyway. All things being equal, I'd rather have a private entity than the U.S. Government as my creditor if money gets tight.
From what I'm seeing, they aren't changing the fact that student-loans are non-dischargeable in bankruptcy. Wasn't that one of the more controversial aspects of BAPCPA (the 2005 bankruptcy reform act)?
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