tag:blogger.com,1999:blog-7774179765567947305.post1159382500301117615..comments2024-02-15T06:28:06.790-08:00Comments on Subprime JD: The student loan, via the Dept of Education, has become an additional tax on the lost generationSubprimehttp://www.blogger.com/profile/00010296774091296670noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-7774179765567947305.post-9306940741089569582022-03-25T06:31:54.275-07:002022-03-25T06:31:54.275-07:00It was an amazing blog, for our better understandi...It was an amazing blog, for our better understanding about the importance of loans for abroad education. Learn more about to understand better about <a href="www.auxilo.com/education-loan/studying-in-india-loan" rel="nofollow">Education Loan Emi Calculator</a>. Chinmay survehttps://www.blogger.com/profile/18377996168855355285noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-80935450586099007272019-10-30T00:20:33.800-07:002019-10-30T00:20:33.800-07:00It was really an amazing blog, acquired great know...It was really an amazing blog, acquired great knowledge from this looking forward for more blogs like this. <a href="https://www.merchantcircle.com/blogs/education-loans-shelbiana-ky/2019/7/Why-you-should-use-educational-loan-calculators./1709341" rel="nofollow">Student education loan</a> is the lovely article.Sneha Shahhttps://www.blogger.com/profile/06526583406162052280noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-28951402135642289072019-10-22T04:09:02.963-07:002019-10-22T04:09:02.963-07:00Thank you for sharing the information, i have got ...Thank you for sharing the information, i have got the best information. <a href="https://www.avanse.com/education-loan" rel="nofollow">education loan low interest</a> Swarahttps://www.blogger.com/profile/08952405209336458296noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-86131468739176905082019-06-06T22:06:00.032-07:002019-06-06T22:06:00.032-07:00Thank you for sharing the information, i have got ...Thank you for sharing the information, i have got the best information. <a href="https://www.flickr.com/photos/162419575@N08/46908398845/in/dateposted-public/" rel="nofollow">Interest Rate For Education Loan </a> are wider concept and helps in building your career so that we can get exciting opportunity in future <br />siyaahttps://www.blogger.com/profile/11948517858352060462noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-77278741743889229132019-05-30T05:28:29.907-07:002019-05-30T05:28:29.907-07:00Thank you for sharing the information, i have got ...Thank you for sharing the information, i have got the best information. <a href="https://stumble.wikitechguru.com/2019/05/30/interest-on-education-loan-2/" rel="nofollow">Education Loan Interest Rates</a> are wider concept and helps in building your career so that we can get exciting opportunity in future shanayahttps://www.blogger.com/profile/14213456915518554067noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-25999478445753882232019-05-15T06:27:36.942-07:002019-05-15T06:27:36.942-07:00This comment has been removed by the author.shanayahttps://www.blogger.com/profile/14213456915518554067noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-31689658967027011082019-03-26T05:08:46.670-07:002019-03-26T05:08:46.670-07:00Study in india is made easy with are - Education L...Study in india is made easy with are - <a href="https://topsitenet.com/article/175284-features-only-a-good-educational-loan-will-provide-you/" rel="nofollow">Education Loans For Students</a>. This will help you remove the barrier and achieve you career goals sooner.vishal1https://www.blogger.com/profile/09680575983791488030noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-21534378992911198382018-07-06T03:43:33.783-07:002018-07-06T03:43:33.783-07:00Nice and interesting information and informative t...Nice and interesting information and informative too.<br /> Can you please let me know the good attraction places we can visit: <a href="http://www.avanse.com/education-loan" rel="nofollow"> Education Loan For Students </a><br /><br /><br />Anonymoushttps://www.blogger.com/profile/08413804690581289728noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-10719125552804393762011-09-28T08:57:44.734-07:002011-09-28T08:57:44.734-07:00Very good post on student loan interest rates. Kin...Very good post on <a href="https://www.studentloan.com/pay_for_college/understandinterest.htm" rel="nofollow">student loan interest rates</a>. Kind of confusing, but good.Valerie Nelsonhttps://www.blogger.com/profile/06913774666685308538noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-66731631539823325832010-09-02T06:09:35.630-07:002010-09-02T06:09:35.630-07:00It's tempting to look at the current student l...It's tempting to look at the current student lending scheme and criticize it, and, to be sure, a lot of your criticism I can't disagree with. That said, the way it worked before was much, much worse. For-profit corporations trolled around for tiny schools with regional accreditation, making their students eligible for federally-guaranteed loans from private banks like Sallie Mae, Citi and others; the corporations massively grew the size of the schools; and hooked hundreds upon hundreds of new students up with loans that the government would have to pay if the students couldn't. Then, the private lenders misrepresented their cohort default rates - both to Congress and, by extension, to the taxpayer; that rate was what Congress used to decide, effectively, what percentage of the private banks' student loan portfolios to guarantee; the private banks then turned around - with the benefit of the fraudulently-obtained guarantee - and issued debt-backed securities on which they earned a profit. So, in essence, under the old scheme private banks defrauded Congress, and in so doing, manipulated the risk profile of their portfolios (i.e., student default rates), and in the same breath "priced" their securities fraudulently on the market.<br /><br />It's great to criticize government, and I have no shortage of complaints on my own account. For example, unless you just peg student loan interest rates to inflation, there is exactly zero argument for charging any interest at all on student loans, exactly because they are non-dischargeable. But drawing a straight line between the spread on student loans and the social security and medicare program shortfalls, and claiming that this is a "tax" that will pay for it, makes for somewhat dubious logic, to say the least. I could as easily argue that there is a shortfall in the funding of those programs directly because we spend over $1 trillion per year on defense, more than all countries in the entire world combined.Anonymoushttps://www.blogger.com/profile/04034378179943090607noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-10308371478241596822010-09-01T23:40:23.065-07:002010-09-01T23:40:23.065-07:00Should this be the case (and I agree with your pre...Should this be the case (and I agree with your prediction except for private student loans) every regulator in the dept of Ed needs to come under the highest of scrutiny as they fill the holes in the new healthcare/Ed law<br /><br />additionally, private student loans are still legal and thus wells Fargo supported lobbyists for example need to be neutralized to avoid loopholes that allow for capitilization of student loan principle amountsDanhttps://www.blogger.com/profile/12079325310332728307noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-31338682144224421652010-09-01T18:13:40.779-07:002010-09-01T18:13:40.779-07:00The banks were not allowed to fail for several rea...The banks were not allowed to fail for several reasons; fear, political connections, cronyism, and the golden rule being he who has the gold makes the rules. Here the gold is the USD, our fiat currency, and the gold holder is the federal reserve, which has the legal mandate to "create" the USD. Do realize that the fed works for both the banks AND the US government as it monetizes both government deficits and toxic assets from bank balance sheets. <br /><br />However, do realize that the bankers are no longer involved in the student loan market. Uncle Sam is now the forefront lender to students seeking loans. Watch as the Dept of Edu loan portfolio explodes higher, with the payments being sent to the Treasury and then to the Social Security Trust Fund and Medicare. Consider this a massive tax increase on all grads. Everyone basically goes to school and almost every has to get student loans, so tax pretty much gets tagged on most of our generation.Subprimehttps://www.blogger.com/profile/00010296774091296670noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-26198689864298649502010-09-01T18:05:23.563-07:002010-09-01T18:05:23.563-07:00i really wish we let the banks fail... why didn...i really wish we let the banks fail... why didn't we again?Angelhttps://www.blogger.com/profile/07820446523257638689noreply@blogger.comtag:blogger.com,1999:blog-7774179765567947305.post-22213845535375611012010-09-01T11:52:05.559-07:002010-09-01T11:52:05.559-07:00Yes, because this group needs another tax, after a...Yes, because this group needs another tax, after all. This is simply not sustainable. When the student loan bubble POPS, it will further hurt the economy - as bailouts will take place and money is diverted from social programs and other vital areas. After all, we can't let the thieving banksters suffer the effects of their (stupid, selfish) actions, can we?!?!Nandohttps://www.blogger.com/profile/06423524039657355134noreply@blogger.com