BREAKING: Obama State Department was central to the effort to target President @RealDonaldTrump with the Russia smear. New emails show how senior Obama State Department advanced the Russiagate hoax just before the 2016 presidential election.
President Obama won two national elections in large part due to the hard work and support of struggling American college students, who believed his promised reforms would alleviate their financial difficulties and souring job prospects.
Five years later, under the president’s watch, cumulative student loan debt owed to the U.S. federal government has increased 463 percent.
CNSNews recently reported that student debt levels have deepened substantially–and at an accelerated rate–during Obama’s time in office. In fact, student debt increased 509 percent faster under Obama than under Bush.
The money is owed directly to the federal government, which has become the biggest player in the student loan game by effectively crowding out private lenders. JPMorgan Chase, for instance, stopped authorizing student loans last month, citing limited growth potential and the unstable debt situation.
Face facts - the Government Student Loan Program is the worst kind of predator lender! Getting a student loan is like babies taking cookies from an open jar. The borrowers are financially naive kids that have never had to pay for anything. They have no idea of the notion that they will have to repay the huge loans they are taking on. They have no idea of hardship nor deferred gratification. That is, until they graduate and the magnitude of their foolishness hits them in the face! Then, since it is their usual defense, at which they've become proficient, they start WHINING!
Inexperience cause troubles. Troubles create experience. So be it!
It's called SLAVERY to the liberals ! These kids will be paying the government off the rest of their lives. We can forgive other countries Trillions of dollars of debt (Mexico among them.) But not our kids. Pathetic !!!!@!
Wait a minute. No one put a gun to the heads of the naive kids!
Colleges see the easy pickin's and jack up tuition, fees, room and board costs, prices of books, because they can. The parents, continuing to fail to be responsible, allow the kids to shoot themselves in the foot. Life is very good for college students, with no concept of the consequences! Then, the bill comes due. "Wah, wah, wah, its so unfair."
The gun was to their head in a fashion. "If you don't get a college degree you wont go anywhere." That's been the mantra for decades now.
I didn't say pity them. No I said this was a way to ensnare them for life to big liberal government. College is nothing but a way to get people up to their eyeballs in debt. Then screw them ! Now Obamacare ! Just another nail in the coffin of the USA !
I am wondering just who paid for slubbummer's college tuition, IF he ever attended a university at all. His records are sealed for some strange reason. Mine aren't. U of MO, Columbia, BS 1979. Will we ever know if he even has a degree or who paid for his education? He is truly a psycho!!!!!! We've all seen the vid intros with his as*holeness saying that "those who cannot tell the truth are those who have something to hide"......well, just what are you hiding, slubbummer?
Between the credit cards passed out on campus and student loans, which in the past have been very slow on collecting. The kids figured "Hey I'll go off to college and party for a few years then may be the economy will be better." NOT! Instead they are now looking at a desperate government that wants all the dollars they can get from anyone, students included. I expect the government to rise the interest rate on loans and start tacking on penalties, that will keep most students in debt for the rest of their lives.
Any college student who still believes in Barry Soetoro/Barack Obama needs to go back to high school and read the CONSTITUTION! Idiocy reigns supreme in America!
I have a feeling that a lot went to ONLINE classes for unwed mothers with kids from 4 or 5 different fathers also. I know of 1 anyways that received a 2500 dollar check for going back to school. Which she has to pay back a % ? when she gets employed within the next 2 years. DUMB they are using the $ an then not finishing classes an having to pay back but it will just be Subtracted from the BIG FAT TAX REFUND they get for having children around 3800 dollars they receive, (not pay in like I do) for having children an being at poverty level ?
Many of These these kids will never see their dream because this sitting president has done his utmost to prevent America from excelling with countless regulations placed on our people and our economy with Obama Care, the EPA and Obama's own version of Green technologies because of Obama's sick ideas about Global Warming.
Our weather will be making an Abrupt direction change, very soon, and all the Global Warming priorities Obama is putting in place will be abandoned as A new Ice Age will soon be upon us. Be ready, its going to happen. Already, both pols have increased Ice covering. The next step will be thickening and this will happen slightly this year and will escalate dramatically each year as glaciation will begin to creep toward the equator from north and the south pols. Our Sun is going to abruptly quite from its Solar flare tantrums the past 10 years. All of THIS can escalate dramatically if we were to have a few volcanoes spew debris into the air. The scientists are watching them all as I write. The point.....it will take very little to tip Earth into a full blown Ice age with a cooling sun. Start thinking about migration south. Obama needs to GO! He is naive and ignorant believer in current false scientific beliefs. They are now outdated thinking.
I have a different solution for student loans. It is utterly immoral to saddle college graduates with the kind of debts that---- like buying a house--- take up to a lifetime to pay off. Education is so important that the government, if it is going to make student loans at all, should make the loans interest free. Further, student loans should be dischargeable in bankruptcy for those students who cannot find jobs and have no resources to pay them back. The purpose of the bankruptcy law, when originally devised, was to allow people whose debts had gotten out of hand to make a new start. But the banker controlled and banker influenced Congress has, over the past 35 years or so, for the benefit of creditors, exempted from dischargeability, one after another, a whole multitude of various types of debts. In bankruptcy today, it has almost become so bad that dischargeable debts often seem to be the exception rather than the rule. One of these exemptions from dischargeability, put into the law a few decades back, for the benefit of big money, bankers, and moneylenders, is student debt. Student debts cannot be discharged in bankruptcy. That is wrong. It means that students owing huge amounts of money, which they cannot pay, will be hounded for the rest of their lives by bill collectors and, moreover, be denied the opportunity of making a fresh start in the battle of life. We owe something to young America, and a lifetime of paying off college debts should not be part of what we require of them. It's not as if these young people took this money irresponsibly and gambled it away at the casinos. Give them a break.
James P.M./I totally disagree with everything you just wrote.
James P. Murphy said !!
"the government, if it is going to make student loans at all, should make the loans interest free."
I totally agree. If huge corporations, Banks, and millionaires (Coming out of the other end of it still worth millions and in business.)can file bankruptcy. Not to mention that DC has forgiven huge debts by Mexico and other countries at the same time borrowing to throw foreign aid around. Why not allow College kids to get out from under crushing debt.