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January 30, 2010 by Robert Applebaum
Against President Obama's plan to end subsidies to lenders for Student Loans? Then READ THIS STORY!
Original Publication:
Publish Date:
January 29, 2010
Sat, 01/30/2010 - 22:54
#2
Wow - not surprised though.
That's exciting but not surprising.
Maybe these kind of stories are needed to get the message through to all Americans that the student loan system is not really set up to help student loan borrowers succeed but rather to make some connected people even wealthier than they already are.
Good God - when will this trip into Oz end?
It's a shame. The article mentions 'decades ago'. So this could have been happening while I was signing my documents for a student loan and had no clue that I would be scammed by this 20+ years later. I finally find out who the company was that gave me my loan and I don't even know if this company still exist. (Not mentioned in today's listing of lenders). Something needs to be done I am tired of my hard earn money, my federal tax return, being garnished. Not receiving that tax return kills all perspective in having a hopeful future. It's bad enough with the economy the way it is now. I have been laid off since February 2009. The job situation in my state is getting worse. Unemployment rate has slowed but still increasing. My state is even running out of money; something I have been reading in the news.
I will say it, there's a lack of compassion and a blind eye when it comes to the 'almighty dollar' craving.