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01-16-2010, 05:44 PM
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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
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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.
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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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01-16-2010, 05:46 PM
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8,740 posts, read 11,052,312 times
Reputation: 3394
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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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01-16-2010, 05:49 PM
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8,647 posts, read 16,465,634 times
Reputation: 4605
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Quote:
Originally Posted by Theliberalvoice
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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01-16-2010, 05:50 PM
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3,277 posts, read 4,948,721 times
Reputation: 1922
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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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01-16-2010, 05:53 PM
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8,740 posts, read 11,052,312 times
Reputation: 3394
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Quote:
Originally Posted by Houston3
LOL LOL...I'm not laughing with you, I'm laughing at you....LOL
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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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01-16-2010, 05:57 PM
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Location: Portland, Oregon
7,087 posts, read 11,511,083 times
Reputation: 4125
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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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01-16-2010, 05:57 PM
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2,087 posts, read 1,620,848 times
Reputation: 262
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Quote:
Originally Posted by sanrene
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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01-16-2010, 06:00 PM
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6,567 posts, read 13,680,384 times
Reputation: 3210
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Quote:
Originally Posted by subsound
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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01-16-2010, 06:04 PM
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971 posts, read 1,225,252 times
Reputation: 384
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Quote:
Originally Posted by sanrene
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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01-16-2010, 06:04 PM
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69,364 posts, read 60,808,871 times
Reputation: 9376
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Quote:
Originally Posted by subsound
So we won't have private loan companies charging between 15-20% student loan interest instead of the 6% a Stafford loan does?
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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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