Democrats signing blank checks, Bush sets his priorities - Page 2

Thorgrim · 01-10-2007, 03:41 PM

Originally Posted by Diesel66

They didnt bother with asking permission, they just didnt pay. Early 90s it was 22%, today only around 5%. Mortgage default rates are closer to 2%.

That's like saying "oh I don't pay my speeding tickets"

They find you, and you pay

I don't where you are getting the 5% number from, but even if they "default" that doesn't mean they don't end up having to pay

Bottom line is, the government is vicious about getting student loans back, any idea that there is some significant added risk is ridiculous

Diesel66 · 01-10-2007, 05:12 PM

Originally Posted by Thorgrim

That's like saying "oh I don't pay my speeding tickets"

They find you, and you pay

that is a very recent thing.

I don't where you are getting the 5% number from,

the govt.

but even if they "default" that doesn't mean they don't end up having to pay

Bottom line is, the government is vicious about getting student loans back, any idea that there is some significant added risk is ridiculous

One has a fixed item to confiscate and the item usually increases in value. The other has neither. How is that not significant added risks ?

Thorgrim · 01-10-2007, 05:35 PM

its not an added risk of LOSING money, its an added risk of NOT MAKING A PROFIT...student loans aren't supposed to be a government scheme to make money

thats why its so outrageous to compare to two so closely

Diesel66 · 01-10-2007, 05:58 PM

Originally Posted by Thorgrim

its not an added risk of LOSING money, its an added risk of NOT MAKING A PROFIT...student loans aren't supposed to be a government scheme to make money

thats why its so outrageous to compare to two so closely

When the govt get in the practice of giving out student loans ?

they back them if you dont pay, but banks are still in the practice of making a profit.

Pro Street · 01-10-2007, 06:10 PM

Originally Posted by Diesel66

When the govt get in the practice of giving out student loans ?

they back them if you dont pay, but banks are still in the practice of making a profit.

The profit is covered by the Government.. that's what the subsidy is

Diesel66 · 01-11-2007, 04:24 PM

Originally Posted by Pro Street

The profit is covered by the Government.. that's what the subsidy is

The subsidy is the govt pays the interest while you are in school plus 6 months.

Thorgrim · 01-11-2007, 04:36 PM

Originally Posted by Diesel66

The subsidy is the govt pays the interest while you are in school plus 6 months.

Not all of them, and the subsidy is still pathetic, like I said, it's ridiculous

Diesel66 · 01-11-2007, 04:38 PM

Originally Posted by Thorgrim

Not all of them, and the subsidy is still pathetic, like I said, it's ridiculous

hence the title, unsubsidized loans. what that has to do with anything

And why is the subsidy pathetic ? I thought you loved the govt giving aid

Pro Street · 01-11-2007, 05:25 PM

Originally Posted by Diesel66

The subsidy is the govt pays the interest while you are in school plus 6 months.

yep.

Pro Street · 01-11-2007, 05:27 PM

Originally Posted by Diesel66

And why is the subsidy pathetic ? I thought you loved the govt giving aid

I support them because the tuition fees are rising much faster than inflation.

Thorgrim · 01-11-2007, 05:39 PM

They are too low and hurt middle america, people in their 40s who have been paying 20-30 years of taxes shouldn't see their tax dollars turn into dead soldiers when it could be massively helping their family attend college for a small small fraction of the cost

look up the pie chart of government spending and look for subsidizing just interest rates on student loans...its pathetic

That's why the democrats are acting, everyone else refused to so someone has to help the middle class