Posted on 08/08/2013 11:29:20 AM PDT by William Tell 2
NEW YORK (MainStreet)— The Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman Rohit Chopra recently responded to those who asked the CFPB about the status of the $1 trillion that has already been borrowed to pay for college tuition.
An August 5 article by Chopra paints a bleak portrait. Chopra found ...
(Excerpt) Read more at mainstreet.com ...
Don’t worry....Bernanke will buy up that as well. The Fed will start a but back program.
“IBR and PAYE are for new borrowers - IBR is for the 2008-2012 cohort,” said Clare Law, a Charleston, South Carolina-based Certified Educational Planner. “I recently spoke with a law school graduate. Her loans were $3,200 a month. She consolidated with SallieMae and extended the repayment period and now pays ‘only’ $2,000 a month for 30 years.”
What a fantastic deal! Only $2,000 a month for the next 30 years for a degree in African Lesbian Poetry.
$9 TRILLION bucks was also found missing from Federal Reserve during a Hearing back in 2010. Nothing addressed in that case either.
Just sayin'.
$2000 per month for 30 years...
In other words, she’s paying for a house she’s not living in.
“What a fantastic deal! Only $2,000 a month for the next 30 years for a degree in African Lesbian Poetry.”
That probably happens, too, but in this person’s case she probably did get a real money-making degree. Just maybe not that much money at first.
That is nearly three quarters of a million total payout over thirty years. Must be some fantastic edumacation fer shore.
No, she is a law school graduate. She will pay $720,000 in student loans but if she gets a government job she will make several times that in a lifetime.
What a fantastic deal! Only $2,000 a month for the next 30 years for a degree in African Lesbian Poetry.
That’s a nice house too! 2K a month will get you a $400K mortgage.
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