Posted on 04/20/2022 4:58:49 AM PDT by Kaslin
It's a gigantic swindle to funnel money from the Federal government to universities and colleges, laundering the $$ though "borrowers" who are 100% not presented with anything resembling full disclosure of the type taht occurs with a mortgage, a car loan, or even a credit card.
Four of my kids have bachelor's degrees, two are in college now, one more coming along. Zero loans.
However, at least two have had "Grants" or "scholarships" placed on their accounts without signing anything that were actually loans obliging them to pay them back at some time in the future.
It actually proved difficult to get rid of them. "Nobody has ever not wanted this free money before".
If I were a lawyer, I would look seriously at a class action suit to recover damages from the "student loan" process (from the colleges) and from the lender for fraud.
EVERY policy initiative issuing from the WH is designed to buy votes. And at the same time to exceed the votes lost from the same policies.
The easy availability of loans has fueled monstrous inflation in the cost, or rather the cash price, of a university education.
It’s somewhat like health “insurance”. I recently had an accident which involved one ER visit, a couple of scans, and two followup visits with a specialist.
The “patient responsibility” portion of my bills is less than 20% of the “cost”, but it’s more than enough to pay 100% of any fairly derived true cost.
In other words, the “insurance” payments, though large, are to support the “system”, not to take and read my CT scan.
In the same way, the student “loan” is paying the difference between true cost and cash price.
Talked to daughter about this who does have small college debt on “pause”. She indicated it’s a ploy to get votes and then post-election the rug will get pulled out from under the gullible AGAIN....and she believes people should pay their debts, not taxpayers.
EVERY policy initiative issuing from the WH is designed to buy votes. And at the same time to exceed the votes lost from the same policies.
No. People will take whatever he gives them and vote for someone else. Unfortunately they get away with massive election fraud, so that needs to be fixed.
Not if he can’t pass it through both houses, and he can’t.
I think it’s going to happen.
“We have established what you are, madam. We are now merely haggling over the price.”
BINGO!
But...
...has the INTEREST been piling up all this time?
Isn’t this government lending already. I thought Obummer changed all higher lending to come from fedzilla.
Yeah...I’m old and dealt with all the financial stuff for kids’ college way back 25 years ago. I had to go check when someone else here told me. As of now, the Fed owns 92% of all student debt. My bad. So it’s not the Fed - it’s US.
Gimme, gimme
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