Posted on 01/19/2017 10:11:47 AM PST by SeekAndFind
” at least half the students had defaulted or failed to pay down at least $1 on their debt within seven years”
Uhhh, OK.
I wonder what might happen if a bank did this? Oh wait....
Everything was working great... then the government took over the program and things went south QUICK!
who could have seen THAT coming?
/s
Easy. Track them down and treat it like any other defaulted loan.
They need to be held accountable.
Two of my kids needed FAFSA loans. One is done paying it back and the other is in process.
And if anyone SERIOUSLY checked into the GM bailouts they’d find out that they’ve never paid back close to a billion $$$$.
“....total number over $1.4 trillion, rising at a pace of nearly $100 billion per year, ....”
______________________________________
Shillary would have simply forgiven that debt. Made tuition for colleges and universities free.
Which in a way is fair. Half of these idiot colleges and universities are worthless. So why should anyone pay for this?
Trump should immediately make Mexico pay for the wall. Then make these universities pay for this student loan debt.
Remember a few months ago when the gubmint shut down ITT Tech. They should do so with ALL these fraudulent “institutes of higher learning”.
If fedgov refuse to loan one damn cent, this hundred billion dollar waste of money would end tomorrow!
Just holding off on reporting the accurate data until one of two things happened: 1) Hillary won and forgave all the student loans; or 2) trump won and they could blame the “recently soaring default rate” on his administration.
Now, after 8 years of cover up and kicking the can down the street, the enormity of the disaster that was the Obama Administration is now beginning to come to light as the Obama’s hit the road.
Didn’t they use tarp money?
Obama’s deadbeats.
Am sure we’ll hear all about this on the MSM. LOL.
IMO all student loans during the first four years of college should be covered by the college, for instance out of their endowment fund balance. This might reduce the tuition if they were forced to eat the unpaid balances. The second stipulation I would make is that loans should only be for STEM courses. If students want to get a fluff, worthless education their parents or the student can pay for it out-of-pocket.
Make the Federal Reserve absorb the losses.
WHERE is it written that I have to pay for this f’n 4 year party for these idiots?
What’s wrong with WORK?
WHERE is it written that I have to pay for this f’n 4 year party for these idiots?
What’s wrong with WORK?
No way, Jose. Obama administration has been scandal free.
They were just certain President Bernie would forgive all college debts upon ascending to his throne.
The government loans money to student, in huge amounts.
The students pay the colleges that charge huge amounts of tuitions.
The college pays huge amounts to liberal college professors.
The college professors donate huge amounts to liberal democrats Bureaucrats.
Bureaucrats give them the OK to raise their tuition by huge amounts, and give students more ‘loans’ to give to the colleges....
It’s the government bureaucracy cycle of life.
And in return, the college professors teach children to love government.
We need to restart the American Work Ethic.
This is the next step in creating a new entitlement: ‘free’ college.
The Government created the crisis, and the ‘solution’ will be a new vote buying program.
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