Elizabeth Warren

groundloop

(12,450 posts)

8. I'd rather see Senator Warren going after private student loan lenders

Sun Feb 2, 2014, 02:10 PM

Feb 2014

Private lenders are charging much much higher interest rates than the various government programs, normally around double what the government rates are. THAT is what I consider obscene. I'd honestly be thrilled if my son could get all of his student loan needs met through the government programs and their relatively reasonable rates. And, as I understand it, the 'profit' from the government programs are being recycled back into the program so more students can get loans.

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Elizabeth Warren blasts "obscene" US profits on school loans [View all] MannyGoldstein Feb 2014 OP

I keep waiting for Obama to use the word, moratorium...on school loans. Jefferson23 Feb 2014 #1

Only 12 Senators are concerned about this? I hope rhett o rick Feb 2014 #2

If Hillary Clinton is the annointed one, we need to ask her about this issue. JDPriestly Feb 2014 #18

If you need to ask.... daleanime Feb 2014 #19

Since it will be a disappointing one ... Aerows Mar 2014 #40

I hear ya.... daleanime Mar 2014 #42

k&r for Elizabeth Warren. n/t Laelth Feb 2014 #3

This is an important campaigh issue! Coyotl Feb 2014 #4

I am not so sure about that. Fred Sanders Feb 2014 #6

That makes no sense at all. Coyotl Feb 2014 #23

When the banks were making the obscene profits it was AOK for decades, but if government Fred Sanders Feb 2014 #5

Exactly kratos00 Feb 2014 #7

People are "whining" because the debt burden is so incredibly immense. Coyotl Feb 2014 #25

Are you saying that usury is acceptable if the government does it? nm rhett o rick Feb 2014 #27

Nailed It. bvar22 Feb 2014 #34

It's understandable why the Conservatives dont want an educated population, but rhett o rick Feb 2014 #37

Exactly. n/t Aerows Mar 2014 #41

No. DeSwiss Feb 2014 #16

Wrong. The states used to support state universities with tax money. JDPriestly Feb 2014 #21

I agree with other posters, yourself included I presume that sky high tuition rates are the crux Fred Sanders Feb 2014 #22

In this New American Century, bvar22 Feb 2014 #35

Truer words about the current state of education in this country have rarely been spoken.. whathehell Feb 2014 #39

I'd rather see Senator Warren going after private student loan lenders groundloop Feb 2014 #8

Go after collection agencies grabbing money from 30 year old student loan debt... Spitfire of ATJ Feb 2014 #10

+1000 n/t LuvNewcastle Feb 2014 #14

Tuition at Berkeley used to be FREE in the 60s. Spitfire of ATJ Feb 2014 #9

I think it should be free at all public schools. LuvNewcastle Feb 2014 #15

Amen.... daleanime Feb 2014 #20

It goes back to "Everything that is a need should be for SALE." Spitfire of ATJ Feb 2014 #28

I second that amen CFLDem Feb 2014 #29

Until, as I recall, notemason Feb 2014 #24

His biggest fear was that average people would realize the rich were dumb as posts. Spitfire of ATJ Feb 2014 #30

Missed that one notemason Feb 2014 #31

Admit it, until the intertubes most people thought the rich were pretty smart. Spitfire of ATJ Feb 2014 #32

Agreed notemason Feb 2014 #33

I've met some. They consider me to be a "hacker" because I can use a mouse.... Spitfire of ATJ Feb 2014 #36

Accordin some research I've been doing, sulphurdunn Feb 2014 #11

"I wonder why that isn't happening?" Fred Sanders Feb 2014 #17

Exactly. I had to read down the thread this far for this bit of reason. Coyotl Feb 2014 #26

Subsidies to corps, tax havens for the rich, rip-off the kids. USA! USA! USA! polichick Feb 2014 #12

THIS is criminal benld74 Feb 2014 #13

I hope she succeeds F4lconF16 Feb 2014 #38