Student Loan Consolidation and Proposals

[Mr. Somebody]

Dont buy things you cant afford.

 

[TLR Is Mental Poison]

Dont buy things you cant afford.

Usury is a sin (no sarcasm)

 

[Mr. Somebody]

Usury is a sin (no sarcasm)

This is true. We should avoid taking out demonic loans instead of taking demonic loans and then complaining about our demonic loans.

 

[TLR Is Mental Poison]

This is true. We should avoid taking out demonic loans instead of taking demonic loans and then complaining about our demonic loans.

If people stopped accepting the highway robbery being committed by colleges and banks no loans would be needed. Now is the the time to break the cycle, not strengthen it. Shame on you Obama

 

[Mr. Somebody]

If people stopped accepting the highway robbery being committed by colleges and banks no loans would be needed. Now is the the time to break the cycle, not strengthen it. Shame on you Obama

I dont think Obama is reading this but you can contact him at this email address and tell him at the wh1t3 h0u$e email address and let him know you dont like something that he did.

 

[Serious]

If people stopped accepting the highway robbery being committed by colleges and banks no loans would be needed. Now is the the time to break the cycle, not strengthen it. Shame on you Obama

capitalism at it's finest

 

[Nascimento]

A man in debt is so far a slave.

Keep em busy. If people had time to sit around and think things through, especially the intelligent kind, they might figure out some shyt

 

[newarkhiphop]

Thank you for contacting me about student loans. I appreciate hearing from you on this issue.

On March 30, 2010, President Obama signed into law the “Health Care and Education Reconciliation Act of 2010” (P.L. 111-152), which I was proud to support. This law expands the income-based student loan repayment program. Starting in 2014, this law will cap new borrowers’ loan payments at 10 percent of their income after adjustments for basic living costs, and will forgive any remaining debt after 20 years.

In October 2011, the President announced an initiative to accelerate the reforms made by the “Health Care and Education Reconciliation Act of 2010.” Through June 2012, individuals with federal student loans can consolidate them and qualify for the expanded income-based repayment program. In addition, borrowers will be eligible to receive up to a .5 percent interest rate reduction on their consolidated loans. These changes carry no additional cost to taxpayers.

Subsidized Stafford loans disbursed before July 2012 carry a fixed interest rate of 3.4 percent, which will double for all loans disbursed after July 2012. In May 2012, I voted for the “Stop the Student Loan Interest Rate Hike Act of 2012” (S. 2343), which would extend the 3.4 percent interest rates on subsidized Stafford loans for another year. I was disappointed that a minority of senators blocked passage of this bill.

The “Student Loan Forgiveness Act of 2012” (H.R. 4170) would cap all borrowers’ federal student loan payments at 10 percent of their income and would forgive any remaining debt after 10 years for current borrowers. For new borrowers, loan forgiveness would be limited to $45,520 after 10 years. This bill would also forgive public service employees’ loans after five years.

This bill has been referred to the House Subcommittee on Higher Education and Workforce Training, where it awaits further action. Please be assured I support efforts to make college more affordable and will keep your views in mind should this issue come before the Senate.

Sen. Frank Lautenberg (NJ-1)

 

[TLOL is back]

The banks have been committing treason with these student loans. fukk them.

It would be the government who would be paying back the forgiven loans, which would come out of our taxes. That's the problem.

So quick to defend...disgusting.

Signed btw

I don't even know what this means.

 

[homiedontplaydat]

Signed

 

[tru_m.a.c]

Obama coming into power has really stopped the hands on the clock for a lot of things unfortunately.

It takes time for things to become popular or unpopular, get digested. No matter how practical or self serving their ideals may be. Grover Norquist anyone?

u lost me lol

 

[Black smoke and cac jokes]

It would be the government who would be paying back the forgiven loans, which would come out of our taxes. That's the problem.

I don't even know what this means.

Someone mentions Israel and you're quick to captain

 

[TLR Is Mental Poison]

nikkas signin pledges w/o even understanding their impact

 

[TLOL is back]

Someone mentions Israel and you're quick to captain

Why is Israel being mentioned in a thread irrelevant to Israel?

 

[No1]

What would this do for current students? Somehow somebody will get screwed. Past students get forgiven but then current students have to pay? At that rate you set a bad precedent and it might as well be nationalized College and then it devalues a college education and everyone will have to get masters and doctorates for a decent paying job.

Stop asking for handouts barn one...college loans already are pretty forgiving with fore be a forbearance and deferments

Do not ever come at me again talking about "stop asking for a handout." I'm not even going to bother educating you about college costs and their affect. How about you read the bill and its purpose first.

But I will address the lunacy you just spewed on a general level. How did you make the leap from forgiving current loans, to assuming nothing would be done for the future, and that bringing the costs down would not be another objective? Why is who gets what, when and how even relevant if you're so convinced its a handout? How did you come to the conclusion that somehow college would be "nationalized" if you even know what that means which would lead to it being devalued? All due respect, but this is the dumbest thing I will read all day and it's only 10:40AM. College is much more affordable in Canada and they seem to be doing just fine without it being all "nationalized". As if every state doesn't already have its land grant universities that it imposes certain requirements on in order to continue to receive public funding. :thiswork:

So let's allow college degrees which are the keys to most new jobs be completely unaffordable, rise at a rate higher than anything over the past 20 years (by a CONSIDERABLE margin) while the jobs you get after make living a middle-class lifestyle barely affordable. That's right, keep those monthly payments high and see if the people who are supposed to be the new home-buyers and spenders have the money to do so.

But keep using the same language that caused your candidate to lose just now. The average college student graduates 20,000 in debt, but go ahead continue on with your bullshyt. If it wasn't so early I'd break it down completely, but you just illuminated what kind of person you are completely. I'm still school, when it's all said and done, parts of this might not even apply to me, but I've always known that the country is bigger than just me. But I'm not surprised...you are from Jersey.