This was all calculated and expected, I assure you. The Obama regime WANTS debt slaves. They want people to owe them. They might give them a pass to appease them, a surreptitious vote buying scheme, but in the end, they’ll owe that money whether through taxes, direct payments, or even estate seizures after they’re dead and buried.
I’m thankful that I paid off my student loans 5 years ago. That’s one very large chain off my shoulders.
I had a series of part time jobs while in school and graduated with some money in the bank...
I just remember student after student begging BO during the 2008 campaign for him to forgive their debt once he was elected.
Worthless degrees in gender studies, minority studies and human sexuality. No wonder those idiots can’t find a job.
I changed degrees three times. Each time I did, I made sure it was into a field that had multiple jobs available. WTF where these idiot losers thinking? That they would get jobs to teach worthless people like themselves?
And I paid off my student loan in full about 3 and a half years ago. When I called to find the balance on a certain day so I could pay online, the customer service rep was stuttering. Apparently, he wasn’t getting too many calls to pay off loans, only how to defer them or to find out how much trouble they would get in for nonpayment.
One waitress I spoke with had taken classes at Phoenix University online. She took a few classes, decided it wasn’t for her and dropped out. Problem was that she is still on the hook for I think about $12,000 or so in tuition. She was already geting hounded for repayment and had no way to do so. She was 18 and her credit is already ruined. She was painted a pretty picture and being a semi-child, she took the bait. Where is the counterbalance to these people pushing student loans?
I think you’re right. And that’s probably why he nationalized student loans with the federal government - no private middlemen. If you borrow for school, it’s all government money.
“This was all calculated and expected, I assure you. The Obama regime WANTS debt slaves.”
Uh it was under Dumbo Dubya’s reign of error (with a GOP controlled Congress) in 2005 that the inability to discharge student loans was put in place.
http://www.gpo.gov/fdsys/pkg/PLAW-109publ8/html/PLAW-109publ8.htm
Plenty of us small government conservatives on FR warned that it was a terrible idea for a very simple reason - for every dollar that had to be paid to some debt collector was a dollar that couldn’t be spent to help the economy. Looks like we were proven right again.