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Obama student loan policy reaping $51 billion profit

http://www.huffingtonpost.com/mobileweb/2013/05/14/obama-stu...
Saffron crusty weed whacker stage
  05/15/13
Unlike traditional lenders, though, the Education Department...
Saffron crusty weed whacker stage
  05/15/13
Nothing to see here folks, just a generation of Shitboomers ...
lake ticket booth
  05/15/13
Boomers didn't sign the loan papers
Saffron crusty weed whacker stage
  05/15/13
2 parties to a contract bro.
hairraiser lemon pozpig
  05/15/13
Weak argument
Saffron crusty weed whacker stage
  05/15/13
No weaker than arguing choice when the outrageous tuition is...
arousing balding generalized bond tank
  05/15/13
Is it your belief that there is nothing wrong with the curre...
chocolate mind-boggling mexican electric furnace
  05/15/13
You bootlicker. Boomers told their kids they had to go to...
lake ticket booth
  05/15/13
More like bootSTRAP licker, amirite?
stubborn resort trust fund
  05/15/13
...
Cracking hissy fit native
  05/15/13
...
hideous aromatic party of the first part liquid oxygen
  05/15/13
...
hideous aromatic party of the first part liquid oxygen
  05/15/13
This is probably just total horse shit. My guess is they jus...
Maniacal dilemma
  05/15/13
I assume it's based on this projection: Unlike traditiona...
Saffron crusty weed whacker stage
  05/15/13
80 cents on the dollar for DEFAULTED loans only? And includi...
Maniacal dilemma
  05/15/13
You realize the "forgiveness" is of accumulated in...
arousing balding generalized bond tank
  05/15/13
right...forgiveness of the "profit" that they are ...
Maniacal dilemma
  05/15/13
not if you mnake $50K a year and take out $300K like milleni...
Lilac international law enforcement agency
  05/15/13
Outside of law students, med students, and a few other selec...
Saffron crusty weed whacker stage
  05/15/13
and yet you are advising everyone to do so in unlimited amou...
Lilac international law enforcement agency
  05/15/13
Well, the target audience here includes a lot of people with...
Saffron crusty weed whacker stage
  05/15/13
less than 2% of borrowers owe more than $200K. less than 5% ...
Cracking hissy fit native
  05/15/13
wage garnishment is a powerful thing
Cracking hissy fit native
  05/15/13
Does this have anything to do with payments collected this y...
Lilac international law enforcement agency
  05/15/13
WGWAG WGWAG ZIMMERHERO WINS LETS POST MORE
Emerald Talented Messiness Whorehouse
  07/14/13
WGWAG WGWAG ZIMMERHERO WINS LETS POST MORE
Emerald Talented Messiness Whorehouse
  07/14/13


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Reply Favorite

Date: May 15th, 2013 10:46 AM
Author: Saffron crusty weed whacker stage

http://www.huffingtonpost.com/mobileweb/2013/05/14/obama-student-loans-policy-profit_n_3276428.html

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23202770)



Reply Favorite

Date: May 15th, 2013 11:09 AM
Author: Saffron crusty weed whacker stage

Unlike traditional lenders, though, the Education Department's profits are barely dented by loan defaults. For loans made in 2013 that eventually default, the department estimates it will recover between 76 cents and 82 cents on the dollar. Bankruptcy rarely discharges student debt.

PAYE no problem

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23202852)



Reply Favorite

Date: May 15th, 2013 11:15 AM
Author: lake ticket booth

Nothing to see here folks, just a generation of Shitboomers feasting on the carcasses of their young.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23202886)



Reply Favorite

Date: May 15th, 2013 11:32 AM
Author: Saffron crusty weed whacker stage

Boomers didn't sign the loan papers

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23202930)



Reply Favorite

Date: May 15th, 2013 11:33 AM
Author: hairraiser lemon pozpig

2 parties to a contract bro.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23202937)



Reply Favorite

Date: May 15th, 2013 12:12 PM
Author: Saffron crusty weed whacker stage

Weak argument

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203044)



Reply Favorite

Date: May 15th, 2013 12:30 PM
Author: arousing balding generalized bond tank

No weaker than arguing choice when the outrageous tuition is an epidemic. Once a problem is widespread enough it's pretty weak to just say "oh well you always have a choice!" Did indentured servants have a choice, too, faggot?

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203130)



Reply Favorite

Date: May 15th, 2013 12:22 PM
Author: chocolate mind-boggling mexican electric furnace

Is it your belief that there is nothing wrong with the current state of affairs?

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203085)



Reply Favorite

Date: May 15th, 2013 1:42 PM
Author: lake ticket booth

You bootlicker.

Boomers told their kids they had to go to college.

Boomers cause ITE.

Boomers made the loans nondischargeable.

Boomers failed to educate their kids about the loan papers.

Most importantly, FUCKING SHITBOOMERS undertook a series of policies that led to skyrocketing tuition costs that have made college far more expensive for are generations than it was for boomers. Incidentally, much of that increased cost has gone to fund shitboomer bureaucracy at schools all over the country.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203505)



Reply Favorite

Date: May 15th, 2013 2:04 PM
Author: stubborn resort trust fund

More like bootSTRAP licker, amirite?

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203646)



Reply Favorite

Date: May 15th, 2013 2:19 PM
Author: Cracking hissy fit native



(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203735)



Reply Favorite

Date: May 15th, 2013 12:44 PM
Author: hideous aromatic party of the first part liquid oxygen



(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203196)



Reply Favorite

Date: May 15th, 2013 12:59 PM
Author: hideous aromatic party of the first part liquid oxygen



(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203287)



Reply Favorite

Date: May 15th, 2013 2:12 PM
Author: Maniacal dilemma

This is probably just total horse shit. My guess is they just counted up all the accrued interest with no regard for what will actually be paid, what will go into default and written off, what will be forgiven, etc. Accrual accounting means nothing.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203708)



Reply Favorite

Date: May 15th, 2013 2:29 PM
Author: Saffron crusty weed whacker stage

I assume it's based on this projection:

Unlike traditional lenders, though, the Education Department's profits are barely dented by loan defaults. For loans made in 2013 that eventually default, the department estimates it will recover between 76 cents and 82 cents on the dollar. Bankruptcy rarely discharges student debt.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203779)



Reply Favorite

Date: May 15th, 2013 2:41 PM
Author: Maniacal dilemma

80 cents on the dollar for DEFAULTED loans only? And including interest? ROFL yeah right.

And what about forgiveness?

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203840)



Reply Favorite

Date: May 15th, 2013 2:42 PM
Author: arousing balding generalized bond tank

You realize the "forgiveness" is of accumulated interest at 8%, right? They should still be getting back most of the principal, if not more in the vast majority of cases.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203846)



Reply Favorite

Date: May 15th, 2013 2:59 PM
Author: Maniacal dilemma

right...forgiveness of the "profit" that they are counting right now on paper, even though they haven't seen a dime of it and will write it off in 10-20 years.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203946)



Reply Favorite

Date: May 15th, 2013 3:01 PM
Author: Lilac international law enforcement agency

not if you mnake $50K a year and take out $300K like millenials are getting hard ons for.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203953)



Reply Favorite

Date: May 15th, 2013 3:27 PM
Author: Saffron crusty weed whacker stage

Outside of law students, med students, and a few other select areas, the vast majority of borrowers aren't borrowing enough to make PAYE a windfall.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23204104)



Reply Favorite

Date: May 15th, 2013 3:34 PM
Author: Lilac international law enforcement agency

and yet you are advising everyone to do so in unlimited amounts.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23204195)



Reply Favorite

Date: May 15th, 2013 3:36 PM
Author: Saffron crusty weed whacker stage

Well, the target audience here includes a lot of people with 200K+ debt and little hope of making anywhere near enough to service that debt. Those people may benefit by going for MAX DEBT, yes.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23204216)



Reply Favorite

Date: May 15th, 2013 3:30 PM
Author: Cracking hissy fit native

less than 2% of borrowers owe more than $200K. less than 5% owe more than $100K. you're seeing a reality that doesn't exist.

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23204142)



Reply Favorite

Date: May 15th, 2013 3:29 PM
Author: Cracking hissy fit native

wage garnishment is a powerful thing

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23204133)



Reply Favorite

Date: May 15th, 2013 3:01 PM
Author: Lilac international law enforcement agency

Does this have anything to do with payments collected this year, or are they counting some future stream?

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23203957)



Reply Favorite

Date: July 14th, 2013 2:15 PM
Author: Emerald Talented Messiness Whorehouse

WGWAG WGWAG ZIMMERHERO WINS LETS POST MORE

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23637119)



Reply Favorite

Date: July 14th, 2013 2:15 PM
Author: Emerald Talented Messiness Whorehouse

WGWAG WGWAG ZIMMERHERO WINS LETS POST MORE

(http://www.autoadmit.com/thread.php?thread_id=2256628&forum_id=2#23637120)