Quote (EndlessSky @ Jul 19 2016 05:53pm)
Maybe a toilet paper degree isn't worth giving a loan for?
Your data is true about the IRS. I'm hoping a different method is sought entirely. Consumption tax and states handling taxes are options.
But the major/conc. is an entirely different issue -- either the bank is accepting responsibility for the risk or it isn't. It didn't before: the government accepted all the risk and the bank was merely a middle-man that provided literally nothing; if the borrower did everything right then interest paid went to the bank (for doing nothing), but if the borrower defaulted then it was the government that was on the hook and not the bank. Leaving student loans to the banks was moronic, and removing them from the process was one of the most underrated accomplishments of Obama's first term. People across the ideological spectrum love examples like this where government works smarter and not harder and becomes more efficient and cost-effective.
In any event Trump's half of an idea would in practice end up making it harder for poorer kids to get loans. I think ultimately the radio wingnut understands that too, and that's why five months have passed and we haven't heard one additional word in this area: they
know what they want to do is unpopular, and wouldn't be good for students.
Guests cannot view or vote in polls. Please register or login.