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To: Vigilanteman; delapaz

actually what they do right now is try to hook the parents into co-signing.


36 posted on 11/26/2012 10:08:58 PM PST by no-s (when democracy is displaced by tyranny, the armed citizen still gets to vote)
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To: no-s
Correct. Conning parents into cosigning is one tool. Limiting what the kids can borrow and conning parents into taking out PLUS loans for the balance is another.

PLUS loans are just as bad as the student loans themselves-- the parents are forever on the hook. Even if the kid agrees to take over the payments, chances are they will not be able to do so in today's economy and still service the loans they already have on their own.

The educrat-student loan industry is an alliance of evil which probably hooked just enough people to re-elect ObaMao on his vague promise of student loan forgiveness to make the difference.

37 posted on 11/27/2012 7:39:27 AM PST by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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