Posted on 10/26/2011 6:09:05 PM PDT by Kaslin
From what I understand it is only for loans originating after 2008 and not in default. Little help here.
I think it begins with new loans made this year. They will allow loans back to 2008 to be rolled into the new loan.
I caught a creditor who paid his student loan off with an American Express Card then went BK 6 months later.
Who would be stupid enough to make a student loan after this goes into effect? Only Ben Bernanke as he tries to sop up crapola student loan backed bonds in a buyer less market...
Thanks for the clarification.
I am led to believe, from the data available to me, that the US taxpayer is ultimately responsible for the debt of the Student Loans, and /or the “forgiven” portion of these loans.
Am I correct, whole or in part, in my above understanding?
My second question is: Is the current 951 BILLION dollar Student Loan Debt included in the Total National Debt of the US Federal Government?
I caught a creditor who paid his student loan off with an American Express Card then went BK 6 months later.
I meant debtor.
he’s trying to buy back those college voters that are no longer enamored -
“Hes counting on these kids not having a brain yet.”
/////////////////////////////////////////////////////////////
Yes and as a little looking around will reveal, with the kind of “education” they are likely to get for their student loan money they probably won’t have a brain when they are forty either!
I knew that wasn’t a serious protest sign at first glance because I couldn’t find any misspelled words!
Regardless of whether the program has some limits, it still really sucks.
I hadn’t heard about this until I was talking with a couple guys about it yesterday who were really very upset. This issue hits home because you’ve got millions of Americans who worked hard to put themselves through college and if they used student loans, paid them back on schedule.
Now you have some OWS protesters show up and Obama starts playing Hugo Chavez and puts in rules forgiving much of the debt.
The whole thing is just a horrible mess. The more the word gets out on this “program” the better for our side.
“It doesn’t cost the taxpayers anything.”
This man is a math-moron......or something far far worse,....
I hate conspiracy theories and am the first one to beat down all the idiocies that people come up with. But this man, ....I’m almost there. How else do you explain this crap?
When “stupid” fails to explain someone’s actions,
“evil” is what is left.
When you eliminate all other possibilities, what remains, no matter how improbable, is the answer.”
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