OBAMA MONEY.....FROM HIS STASH !"
Not only are we gonna continue paying for their food, medical, housing, walkin' around money, and utility bills; we'll now get to pay for their attending college....
Is this a great country for parasites, or what?
not so fast sparky
read the fine print
I would wager there’s a hook in there for “Govt service” as an alternative payback
How amusing that this was shoved into the healthcare bill so the $$68 billion in “savings” (fees not paid to banks to administer the loans)- could be chalked as “savings” in the healthcare bill.
So, we have $68 Billion in “savings”- but it’s not going to the deficit- it’s going back to the little people to forgive their loans - especially loans used for tuition at those black and minority schools
And now, to show those greedy bank CEO’s how to run a nonprofit for the little people, obama’s federal bureacacy will expand to run the entire US student loan program with the fiscal effficiency and honesty of FHA, FNMA and the Post Office- with a dose of ACORN on the side
Ah Man! It doesn’t apply to me! Why doesn’t he just give everyone a college degree in something?
This isn’t about loan forgiveness...this is about more control. I wonder how much “volunteer” service will be expected in order to have one’s student loan repayed...
So if I buy more house than I can afford, wear designer clothing and only eat Wagyu beef, arugula and truffles I have less discretionary income and repay at a lower rate? And have the debt forgiven after 20 years as long as I live beyond my means but make my payments?
Or do they tell me what to buy, wear and eat based on my income?
woo-hoo!! more free stuff!! mm-mmm-mmmmmmmmmmmmmm
And the money kept rolling in from every side Eva's pretty hands reached out and they reached wide Now you may feel it should have been a voluntary cause But that's not the point my friends When the money keeps rolling in, you don't ask how Think of all the people guaranteed a good time now Eva's called the hungry to her, open up the doors Never been a fund like the Foundation Eva Peron
Rollin' rollin' rollin', rollin' rollin' rollin' Rollin' rollin' rollin', rollin' rollin' rollin' Rollin' rollin' rollin', rollin' rollin' rollin' Rollin' rollin' rollin', rollin' rollin' rollin'
Rollin' on in, rollin' on in Rollin' on in, rollin' on in On in
Would you like to try a college education? Own your landlord's house, take the family on vacation? Eva and her blessed fund can make your dreams come true Here's all you have to do my friends Write your name and your dream on a card or a pad or a ticket Throw it high in the air and should our lady pick it She will change your way of life for a week or even two Name me anyone who cares as much as Eva Peron
[chorus]
Rollin' on out, rollin' on out Rollin' on out, rollin' on out On out
And the money kept rolling out in all directions To the poor, to the weak, to the destitute of all complexions Now cynics claim a little of the cash has gone astray But that's not the point my friends When the money keeps rolling out you don't keep books You can tell you've done well by the happy grateful looks Accountants only slow things down, figures get in the way Never been a lady loved as much as Eva Peron
[chorus]
Rollin' on out, rollin' on out Rollin' on out, rollin' on out On out
Eva!!! When the money keeps rolling out you don't keep books You can tell you've done well by the happy grateful looks Accountants only slow things down, figures get in the way Never been a lady loved as much as Eva Peron
[chorus]
Rollin' on out, rollin' on out Rollin' on out, rollin' on out Rollin' on out, rollin' on out On out
Buying votes. Isn’t that illegal?
Encouraging more people to get degrees in worthless subjects. Our manufacturing base may be located in China, but at least we’ll have a glut of women’s studies major’s.
This is pure Pelosi (new name for BS). With no jobs, more kids will go to school, get loans and owe the fed. Right now if you owe, you are not forgiven for any loans. All those young people will be slaves to the Fed for 20 years. Obviously 0’s cronies and whoever is behind him are thinking ahead to enslaving the youth. No job? The Feds will assign one to you.
And since they have been planning on taking over the country since the 1920’s, they are in no rush, they know they can win.
And of course us old borrowers who followed the rules get screwed.
OBAMA MONEY.....FROM HIS STASH !"
Not only are we gonna continue paying for their food, medical, housing, walkin' around money, and utility bills; we'll now get to pay for their attending college....
Is this a great country for parasites, or what?
Did I hear correctly that he wants to forgive up to 68% of tuitions for Black Colleges? This is reverse descrimination.
Have you seen this?
Next, the administration will be shocked—SHOCKED—as tuition keeps climbing through the roof.
Meanwhile, McDonald’s will announce that cashiers will need a minimum of a B.A. in English to work its counters.
So it’s even more socialist than we thought.
THIS HAS GOT TO F-ING STOP.
I’d prefer it if they would ban some student loans from being made. There are private schools that offer their own loans, and rip off the students - who are then hit with huge payments.
No, the young student shouldn’t accept the loan in the first place - but these are like used car sales. The people who get hired for the job are good at talking inexperienced people into taking the loan.
My son did, without ever telling us. $30,000 student loan, little chance of finishing the school (he’s a poor student, but the school doesn’t care how bad his scores are, they got the cash up front). The folks that run these schools rank right up there with the loan people just outside of military bases, trying to rip-off 18 year olds just away from home.
Welfare for Harvard and Princeton...
As part of the expanded income-based repayment plan, new borrowers who assume loans after July 1, 2014, will be able to cap their student loan repayments at 10 percent of their discretionary income and, if they keep up with their payments over time, will have the balance forgiven after 20 years.
Public service workers such as teachers, nurses, and those in military service will see any remaining debt forgiven after just 10 years.