Most Americans not blinded by partisan animosity recognize that ending a giveaway to banks and putting that money back into education is a good thing. Now that Obama and his Socialist minions have taken over the student loan sector of our economy, I wonder what he will accomplish with the rest of his day. This is what change looks like.
To be fair, 52% of the Republicans voted for the bill so at least on this issue they aren't being completely nutso.
No Republicans voted for this. None. The 52% are from a public survey of self-identified Republicans.
I'm glad you asked! US-Russia Nuclear Pact: Obama, Medvedev Sign Off On 'Landmark' Arms Accord The U.S. and Russia sealed the first major nuclear weapons treaty in nearly two decades Friday, agreeing to slash the former Cold War rivals' warhead arsenals by nearly one-third and talking hopefully of eventually ridding a fearful world of nuclear arms altogether. President Barack Obama said the pact was part of an effort to "reset" relations with Russia that have been badly frayed. And at home the agreement gave him the biggest foreign policy achievement of his presidency, just days after he signed the landmark health care overhaul that has been his domestic priority. -------- That Barack Obama; he just keeps on keeping on!
I would like someone to explain why this isn't a good thing. What is the other side of the argument other than protecting corporate interests at everyone's expense and this being a very expensive jobs program. Neither of those two points is valid IMO. Let the debate begin.
Well that was quick, I just got this email message today from my grad program. Many undergraduate and graduate GW students have participated in the Federal Stafford loan and PLUS programs to meet their cost of attendance obligations. These loans were traditionally funded by the Federal Family Education Loan Program (FFELP), with funds coming from private lenders. A CHANGE TO THE NEW DIRECT STUDENT LOAN PROGRAM The past few years, our experience has been that an increasing number of student lenders are choosing not to participate in FFELP due to a persistently weak and slow to improve credit market. To minimize any disruption in our services associated with the disbursement of loan funds to students, GW is moving in a direction calculated to help GW students and families in the new credit landscape. With the recent legislation approved by Congress, which President Obama is expected to sign into law, the FFELP program will be eliminated. Since the University is already an approved lender with the Department of Education we are making the decision now to change to the Federal Direct Loan Program to allow you sufficient time to become an eligible borrower. Starting in the 2010-11 academic year, undergraduate and graduate students, including Law and Medicine, who apply for loans will no longer have to go through private lenders or banks to obtain federal loans. Instead, students need only apply to GW for federal government loans through the Federal Direct Loan Program, with the Department of Education serving as the new lender. Eligibility remains exactly the same, but with an application process that is easier and an electronic transfer of funds that is more timely and efficient. Direct lending is another action on the part of the University to demonstrate our ongoing commitment to affordability measures. WHAT DOES THIS CHANGE FOR YOU? This change in the source of loan funding is good news for both students and the University. With faster and more reliable delivery of funds to student accounts, this will more than likely reduce the number of students faced with financial holds, which can result in students being prevented from registering for classes. In addition to streamlining this process, GW’s participation in the Federal Direct Loan Program carries the benefit to our students and families the stability and assurance of federal funding. Loan rates will be similar to those charged by FFELP private lenders, if not lower.
Now you can! • If you have existing Stafford loans, you may want to consider consolidating past loans into the Federal Direct Lending loan program. More information and the process can be found at <www.loanconsolidation.ed.gov>.
Can you consolidate loans under the new program that were previously consolidated under the past program? Given the reduction in rates over the last couple years, it would be good to do that if it's possible...
More government takeover. The government taking over student loans wouldn't bother me if not for the fact that the federal government is expanding way to fast. What's next? How much control does our power hungry president want?
I actually feel really sorry for you. You are the victim of so much misinformation it's just sad. I wish you'd consider clicking the link of the article I posted in the Open Letter to Conservatives thread and click on the supporting articles. You have a lot to learn to get right with the truth and that would be a great place to start.
I thought that becoming acquainted with actual facts might help you. Apparently not. You're way too far gone. And you've fallen for the painfully stupid idea that Republican ideals are Christian ones. So you really don't even have a chance. It's sad that you'll never know how incredibly easily you've been manipulated.
