Government Taking Control of Student Loans

Re: Government Taking Control of Student Loans

PostBy: samhill On: Fri Sep 18, 2009 7:19 am

Whats wrong with the lender controlling what they lend? Isn`t that good business, I`m tired of my taxes going to middle man contractors that might start out with good intentions but because its the Gov. thet figure they can start taking more & more of the pot. Next they should go after those that don`t pay back the loans, a few years back they did a study & it turned out that the largest group of non-repayers were doctors & lawyers, go figure.
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: Government Taking Control of Student Loans

PostBy: coaledsweat On: Fri Sep 18, 2009 10:41 am

samhill wrote:Whats wrong with the lender controlling what they lend? Isn`t that good business

It isn't about business, it's about government. Why would you just pay 3 people to perform a task to net X if X will support 12 more people doing nothing?
coaledsweat
 
Stoker Coal Boiler: Axeman Anderson 260M
Coal Size/Type: Pea

Re: Government Taking Control of Student Loans

PostBy: lowfog01 On: Fri Sep 18, 2009 10:42 am

Did you ask yourself “why is this happening now?” Personally, I think that the president has enough on his plate to worry about then “fixing” something that doesn’t appear broken. No one responding has posted that the process for getting a student loan is broken.

It doesn’t matter, historically, you control the education system and who has access to it and you control the culture. Call this move the Teddy Kennedy method of getting things your way. Kennedy made no qualms about taking small bites to accomplish eating the proverbial elephant – the goal is one payer government health care so let’s start with a small group of folks like the young or the old. Medicare/Medaid is the foundation; now we can expand the program to everyone. Once the government controls access to student loans they will be able to further dictate the curriculum and who goes to college or not. Parents how many times have you said, "as long as you live in my house you'll live by my rules." That's our future under the policies of this administration.

As for the accusation of paranoia, how many times do you have be run over by the bus before you start to approach the corner with caution. I teach my kids that they will be known by the people they hang with. I don’t need to be smacked along side the head more then once to know the type of people this guy hangs with or their ultimate goal for this country. For Pete’s sake, we were told what these goals were prior to the election and refused to listen. For those of you who refuse to see and accept this administration for what it is – When do you draw the line? We’ve been called racists for disagreeing with this administration policies, we’ve seen the government take over a large part of the car manufacturing segment of our economy, we’ve seen the government take over financial institutions, we’ve witnessed the attempt to take over the health care industry. We have the federal government trying to force us to buy a product which we may or may not want, i.e. health care. We see the Congress attempting to put in place the largest tax increase, job killing bill ever devised and call it a good thing because it will supposedly decreases our carbon foot print. The president admits your electricity bill will sky rocket under this bill. Now them want to lock in tighter control of our higher education.


Where do you draw the line? When is enough, enough? Please answer that question. Lisa
lowfog01
 
Hand Fed Coal Stove: Mark II & Mark I


Re: Government Taking Control of Student Loans

PostBy: Poconoeagle On: Fri Sep 18, 2009 11:07 am

I drew the line before this election, in fact before the past several.

you are spot on Lisa. Just yesterday my neice went to her first class as a college student. She is in a small speciality school for training in the medical feild. Her next school is profoundly expensive and we are just starting to research the student loan road :|
Poconoeagle
 
Stove/Furnace Make: Buckwalter & Co. , EFM520
Stove/Furnace Model: No. 28 Glenwood 1880, Alaska

Re: Government Taking Control of Student Loans

PostBy: ErikLaurence On: Fri Sep 18, 2009 11:09 am

lowfog01 wrote:
As for the accusation of paranoia, how many times do you have be run over by the bus before you start to approach the corner with caution.


I just find it interesting that so many people only realized there was a bus coming on January 20, 2009.

Where were the fiscal conservatives when we borrowed a trillion dollars from the chinese to free the iraqi people?
ErikLaurence
 
Stove/Furnace Make: Reading Lehigh
Stove/Furnace Model: LL Hyfire II w/heat jacket

Re: Government Taking Control of Student Loans

PostBy: mikeandgerry On: Fri Sep 18, 2009 11:36 am

ErikLaurence wrote:
mikeandgerry wrote:The government isn't just cutting out the middle man, they are cutting out competition and choice among lenders. There is a clear motivation to do so because the CBO essentially said the savings could be rendered through private channels:



Except the government was always the lender. No one in the student loan business lent their own money, they lent the feds money. All private industry here did was mark up the loan.

Under this bill you can still go to private lenders for a student loan, the problem is, they don't exist.


You are wrong on all points.

Are you saying the FED should just make direct loans to people and cut out all those pesky banks? The FED and the Treasury is the lender in those cases also. Banks merely have a license from the government to create and lend money.

Lenders do exist as the article also stated, the privatized Sallie Mae being one of them. There are simply fewer of them due to competition and the financial debacle. It doesn't mean the lending system is broken and needs Uncle Sam to step in and TAKE IT OVER. Same deal as the health care system. This administration is power hungry and their desire to control education is part and parcel of their plan for a totalitarian regime. What better way to do it than through selective education funding.

This desire for control by the Obama admin and the left wingers who are mostly radical is frightening. The fringe media (NYT, ABC, NBC, CBS, etc) are complicit it their control and positioning of the news. The truth not told is a lie. They lied about the 9/12 rally. They lied about the Van Jones incident. They lied about ACORN. They lied about Obama. All the lies were by their omissions.

Erik, you have your head in the sand.
mikeandgerry
 
Stoker Coal Boiler: Axeman-Anderson Anthratube 130-M

Re: Government Taking Control of Student Loans

PostBy: djackman On: Fri Sep 18, 2009 11:47 am

ErikLaurence wrote:Where were the fiscal conservatives when we borrowed a trillion dollars from the chinese to free the iraqi people?


That's ok, it was for the military. It's a successful enterprise:

lowfog01 wrote:like the government has ever successfully run any enterprise other then the military.
djackman
 
Stove/Furnace Make: 1980 vintage Tarm
Stove/Furnace Model: FT22 (aka 202) installed!

Re: Government Taking Control of Student Loans

PostBy: beemerboy On: Fri Sep 18, 2009 12:15 pm

I took out a federal student loan in 1973 to go to technical school. Of course at that time I only needed about 6 grand and I paid it off on time. But it was 36 years ago.
beemerboy
 
Stove/Furnace Make: SAEY
Stove/Furnace Model: Hannover 1

Re: Government Taking Control of Student Loans

PostBy: Iceman On: Fri Sep 18, 2009 1:09 pm

lowfog01 wrote:Did you ask yourself “why is this happening now?” Personally, I think that the president has enough on his plate to worry about then “fixing” something that doesn’t appear broken. No one responding has posted that the process for getting a student loan is broken.

It doesn’t matter, historically, you control the education system and who has access to it and you control the culture. Call this move the Teddy Kennedy method of getting things your way. Kennedy made no qualms about taking small bites to accomplish eating the proverbial elephant – the goal is one payer government health care so let’s start with a small group of folks like the young or the old. Medicare/Medaid is the foundation; now we can expand the program to everyone. Once the government controls access to student loans they will be able to further dictate the curriculum and who goes to college or not. Parents how many times have you said, "as long as you live in my house you'll live by my rules." That's our future under the policies of this administration.

As for the accusation of paranoia, how many times do you have be run over by the bus before you start to approach the corner with caution. I teach my kids that they will be known by the people they hang with. I don’t need to be smacked along side the head more then once to know the type of people this guy hangs with or their ultimate goal for this country. For Pete’s sake, we were told what these goals were prior to the election and refused to listen. For those of you who refuse to see and accept this administration for what it is – When do you draw the line? We’ve been called racists for disagreeing with this administration policies, we’ve seen the government take over a large part of the car manufacturing segment of our economy, we’ve seen the government take over financial institutions, we’ve witnessed the attempt to take over the health care industry. We have the federal government trying to force us to buy a product which we may or may not want, i.e. health care. We see the Congress attempting to put in place the largest tax increase, job killing bill ever devised and call it a good thing because it will supposedly decreases our carbon foot print. The president admits your electricity bill will sky rocket under this bill. Now them want to lock in tighter control of our higher education.


Where do you draw the line? When is enough, enough? Please answer that question. Lisa



Lisa, I agree.
We better wake up in this country or some day we will wake up and wonder how we lost it.
This is well beyond Democrat or Republican anymore. Race has nothing to do with it either. We must understand that there are underlying powers that want to erode the very core of our democracy. In so doing they will assume absolute power.This will happen like the proverbial frog in the boiling water.
Iceman
 
Stoker Coal Boiler: Harman VF3000
Stove/Furnace Make: Harmon
Stove/Furnace Model: VF 3000

Re: Government Taking Control of Student Loans

PostBy: tvb On: Fri Sep 18, 2009 1:53 pm

http://www2.ed.gov/offices/OSFAP/DirectLoan/index.html

Your federal government - lending directly to students since the mid 60s.

I find it amazing that either so few commenters here gone to college or have/had children that did so that this is a relatively unknown fact?

My college education was paid for with a government loan from New York State - since paid back. No subsidized banks were involved.

And LIsa, I too would expect that you or one of the other wingnuts here to be the first to post this scare topic based only upon the lies told to you by Glenn Beck since I suspect that if Beck didn't tell you to think this, it wouldn't even be a blip on your radar.
tvb
 
Stove/Furnace Make: Alaska
Stove/Furnace Model: Channing III

Re: Government Taking Control of Student Loans

PostBy: ErikLaurence On: Fri Sep 18, 2009 2:41 pm

lowfog01 wrote: you control the education system and who has access to it and you control the culture.



Only if you are too lazy to parent your own children and you were hoping the schools would raise them for you.
ErikLaurence
 
Stove/Furnace Make: Reading Lehigh
Stove/Furnace Model: LL Hyfire II w/heat jacket

Re: Government Taking Control of Student Loans

PostBy: ErikLaurence On: Fri Sep 18, 2009 3:02 pm

mikeandgerry wrote:
Erik, you have your head in the sand.


That's better than where you have yours.

Is the helicopter over your house black?
ErikLaurence
 
Stove/Furnace Make: Reading Lehigh
Stove/Furnace Model: LL Hyfire II w/heat jacket

Re: Government Taking Control of Student Loans

PostBy: samhill On: Fri Sep 18, 2009 3:36 pm

In other words borrowing for military purposes is good but borrowing to try to keep the country out of a depression is bad. I wonder if I could have gotten a job lending some one elses money & getting paid quite well for doing it. I just can`t see the logic here, free enterprise is good for the country even if its sucking the country dry.
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: Government Taking Control of Student Loans

PostBy: lowfog01 On: Fri Sep 18, 2009 5:55 pm

tvb wrote:
And LIsa, I too would expect that you or one of the other wingnuts here to be the first to post this scare topic based only upon the lies told to you by Glenn Beck since I suspect that if Beck didn't tell you to think this, it wouldn't even be a blip on your radar.

You couldn't be more wrong. I don't need someone else's talking points to get my feelings and concerns out. I have no problem researching the data and coming up with original thoughts and putting those thoughts into actions. (Isn’t the internet a wonderful thing.) I can stand independently without assistance or coaching from a "sugar daddy" of a government or anyone else. When I first took the oath to uphold and defend the Constitution from all enemies foreign and domestic I meant it and I stand by it today. That means defending it from any left leaning individuals who cross my path and that includes our current president and his ever shrinking band of merry men.

I'm still waiting for you answer to the question - "Why you or anyone else would want or need the federal government in your life anymore more then it already is?" Perhaps it is you that that has a problem with developing and expressing your own thoughts and ideas. Maybe you could answer the question when is enough, enough while you are at it. Oh by, the way did you notice that I did not resort to name calling. I wonder if that's because I can defend my position without doing so. Lisa
lowfog01
 
Hand Fed Coal Stove: Mark II & Mark I

Re: Government Taking Control of Student Loans

PostBy: lowfog01 On: Fri Sep 18, 2009 6:17 pm

ErikLaurence wrote:
lowfog01 wrote: you control the education system and who has access to it and you control the culture.



Only if you are too lazy to parent your own children and you were hoping the schools would raise them for you.


You’ve got to be kidding! You actually think you have any say over your child in a public school setting. I take it you've never had a run in with the elected school board of your district. I have and I was told to sit down and accept a bad educational philosophy for my children. It was made very clear by my school board and the courts agreed that a parent loses all parental rights at the school house door. I could do a google to get links but I'm not going to waste my time. Don’t believe me – go question the curriculum that’s being offered. They don’t care. Try to have your child miss a couple of days because you want them to experience a family trip. They don’t care. You think sex ed is a family issue. They don’t care. They control the purse, just as the government will control the purse for higher education, and they firmly believe they know better what is the best for your kids. That’s how I became a K-12 homeschooling parent of 3 very successful young adults.
lowfog01
 
Hand Fed Coal Stove: Mark II & Mark I