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Old 01-16-2010, 05:44 PM
 
Location: Chicagoland
41,306 posts, read 42,826,223 times
Reputation: 7114

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Yeah...he and his radical cohorts in Congress are at it again. Trying to nationalize the student loan business.

FOXNews.com - DANA PERINO: Beware of Democrats' OTHER Public Option

Quote:
the student loan legislation does not just set up a government-run option for student lending, the bill makes the government the only option! It promises to bring complete federalization of the student loan process to a private marketplace.
We have so much evidence of the federal government's efficiency, effectiveness and cost containment when they run things - what could go wrong?

Does anybody believe anymore the notion that obama is not out to "takeover" select private sector business?

Banks, Auto, Health Care, Energy, now this.
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Old 01-16-2010, 05:46 PM
 
8,740 posts, read 11,052,312 times
Reputation: 3394
Oh, as a student I am sooooooooo scared.

If Obama is pissing off the right, you KNOW he is doing it RIGHT!
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Old 01-16-2010, 05:49 PM
 
8,647 posts, read 16,465,634 times
Reputation: 4605
Quote:
Originally Posted by Theliberalvoice View Post
Oh, as a student I am sooooooooo scared.

If Obama is pissing off the right, you KNOW he is doing it RIGHT!
LOL LOL...I'm not laughing with you, I'm laughing at you....LOL
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Old 01-16-2010, 05:50 PM
 
3,277 posts, read 4,948,721 times
Reputation: 1922
As a prospective student myself and sibling to someone who has already gone through the process, believe me when I say that the Feds can't possibly be that much worse than other lenders.
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Old 01-16-2010, 05:53 PM
 
8,740 posts, read 11,052,312 times
Reputation: 3394
Quote:
Originally Posted by Houston3 View Post
LOL LOL...I'm not laughing with you, I'm laughing at you....LOL
Ah yes. The people loving "prolife" righty speaks.

Don't worry. I have been laughing AT you for a LONG time now. LMAO!
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Old 01-16-2010, 05:57 PM
 
Location: Portland, Oregon
7,087 posts, read 11,511,083 times
Reputation: 4125
So we won't have private loan companies charging between 15-20% student loan interest instead of the 6% a Stafford loan does?

Well, I guess if some one wants to do that I'll have to begrudgingly accept it
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Old 01-16-2010, 05:57 PM
 
2,087 posts, read 1,620,848 times
Reputation: 262
Quote:
Originally Posted by sanrene View Post
Yeah...he and his radical cohorts in Congress are at it again. Trying to nationalize the student loan business.

FOXNews.com - DANA PERINO: Beware of Democrats' OTHER Public Option



We have so much evidence of the federal government's efficiency, effectiveness and cost containment when they run things - what could go wrong?

Does anybody believe anymore the notion that obama is not out to "takeover" select private sector business?

Banks, Auto, Health Care, Energy, now this.


Ok try getting the facts about the process straight first ok. The student loan system is already backed by the government. The FAFSA application is how all students apply for any student loans. They are guaranteed by the feds. If I fail to repay my loans the feds will. Its a win win situation for sallie mae (fannie and freddie) the own the loans, own the colecction agency and how zero chance of losing because the feds will pay them back. Sure students can apply for private loans at much higher rates but the feds are not going to end loans are they?



They already run the whole situation anyway, there is just a huge bank reaping the profits.
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Old 01-16-2010, 06:00 PM
 
6,567 posts, read 13,680,384 times
Reputation: 3210
Quote:
Originally Posted by subsound View Post
So we won't have private loan companies charging between 15-20% student loan interest instead of the 6% a Stafford loan does?

Well, I guess if some one wants to do that I'll have to begrudgingly accept it

Seriously... People are acting like this is SO terrible...
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Old 01-16-2010, 06:04 PM
 
971 posts, read 1,225,252 times
Reputation: 384
Quote:
Originally Posted by sanrene View Post
Yeah...he and his radical cohorts in Congress are at it again. Trying to nationalize the student loan business.

FOXNews.com - DANA PERINO: Beware of Democrats' OTHER Public Option



We have so much evidence of the federal government's efficiency, effectiveness and cost containment when they run things - what could go wrong?

Does anybody believe anymore the notion that obama is not out to "takeover" select private sector business?

Banks, Auto, Health Care, Energy, now this.
Sarene: Could you please tell me exactly what this bill entails? What does it do? What does it reform? What changes? What stays the same?

I find it strange the article written by Dana Perino couldn't. Mostly what I found in the article were grammatical and mechanical errors and sentences that make no sense. (what the hell does "It promises to bring complete federalization of the student loan process to a private marketplace" mean???)
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Old 01-16-2010, 06:04 PM
 
69,364 posts, read 60,808,871 times
Reputation: 9376
Quote:
Originally Posted by subsound View Post
So we won't have private loan companies charging between 15-20% student loan interest instead of the 6% a Stafford loan does?
Where the hell do you get school loans for 15-20%? You are getting robbed because I'm getting some for 2.99%.. You pay your 6%, I'll stay with my 2.99%
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