Users Online Now:
1,545
(
Who's On?
)
Visitors Today:
143,216
Pageviews Today:
194,157
Threads Today:
89
Posts Today:
816
01:37 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Today Obama Used His Executive Powers To Push Student Loan Reform
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:SilverPatriot:MV8xNjgzMzkwXzI3ODI2MzIwX0IwODA4QzhC] [quote:Jake101:MV8xNjgzMzkwXzI3ODI1NzI2XzRDNUYyRThD] [quote:Hitokiri:MV8xNjgzMzkwXzI3ODI1MjQwX0Y1QURFRUQ0] But people still took the loans... So we should just forget about personal responsibility now because Sugar Daddy Obama is going to pay with tax money? Both sides are at fault... I still think you should pay your bills. I worked when I went to school because I didn't want a HUGE debt when I got done. Silly for me to be responsible... [/quote] No. The banks can try to collect the money from the people they loaned it to. That's how it works. At no point should the government, or you and I be involved. They won't be able to collect, of course. Because they made stupid loans. And then they'll go out of business, the way companies who make bad decisions do. Then we'll wake up tomorrow, and all will be well. [/quote] Banks made stupid loans at the government’s bequest eventually all these students will be beholden to the government indentured slaves mean anything to you. [/quote]
Original Message
President Obama used executive order today to push forward student loan reform that would reduce monthly payments for 1.6 million borrowers next year, accelerating the previous 2014 startup timetable.
The new “Pay As You Earn” proposal for college students lowers their monthly loan payments to 10 percent of their discretionary income. The plan
also forgives the balance of their debt after 20 years of payments
.
Full article can be read here:
[
link to ecreditdaily.com
]
So if some idiot goes to college and majors in a field that has zero chance of gainful employment, WE have to pay for their bad choices? Unfriggin believable.
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>