Federal Student Loans

[Guest]

Well, the Republicans have once again shown their true colors and it ain't the Red, White, and Blue.

They have shut down the Democrat plan to keep Federal student loans low.

The "family values" Republicans would rather have their plan in place which takes money from women's health issues such as cervical cancer screening and mammograms for poor women.

Democrats would pay for the continuance of the lower student loans by raising payroll taxes on high-earning stockholders of some privately owned corporations.

Well, Mitt, looks like you got some 'splaining to do to the college-age voters and also to their parents. Those are two big voter blocs for either party and the G'Nopers have probably lost them.

[Guest]

I think, but you may correct me....that this bill was opposed because of the Democrat plan to fund it....raising payroll taxes on high-earning stockholders of some privately owned corporations.

The Republicans would like debate on their own bill which FREEZES rates and and paid for by abolishing a health care fund.

"The Senate is steaming toward a showdown on a Democratic proposal to keep student loan interest rates from doubling for 7.4 million students. In a measure of how the upcoming election is driving work in Congress these days, it's a vote Democrats won't terribly mind losing - which is probably what will happen.

The Senate planned a Tuesday roll call on the plan, which would extend today's 3.4 percent interest rates on subsidized Stafford loans for another year. Without congressional action, those rates will double July 1."

"Republicans say they favor freezing student loan interest rates but oppose how Democrats would finance the $6 billion bill: by raising Social Security and Medicare payroll taxes on high-earning stock holders of some privately owned corporations.

But of course the Senate is controlled by the Dems so the alternate proposal will not be talked about. Their hope is that folks will see as you saw it which is sort of out context and not exactly TRUE.

""They know we're particularly upset about this" financing plan, Sen. Michael Enzi, R-Wyo., said as the Senate debated the bill Monday. He said Democrats hope that when Republicans oppose the bill, it will "make it look like Republicans want to raise the rates on students, and that's not true."

Senate heads toward showdown vote on student*loans* - NY Daily News (http://www.nydailynews.com/news/politics/senate-heads-showdown-vote-student-loans-article-1.1074340?localLinksEnabled=false)

So it is politics as usual it seems, BUT NOT EXACTLY AS PRESENTED IN THIS THREAD !!!!!

I think if there is to be a discussion of an issue or proposal, we should discuss all the facts available, otherwise we are simply doing more negative advertising instead of actually having a discussion.

Maybe a good political move by the Dems, but doesnt do the country any good, does it ?

[Guest]

Well, the Republicans have once again shown their true colors and it ain't the Red, White, and Blue.

They have shut down the Democrat plan to keep Federal student loans low.

The "family values" Republicans would rather have their plan in place which takes money from women's health issues such as cervical cancer screening and mammograms for poor women.

Democrats would pay for the continuance of the lower student loans by raising payroll taxes on high-earning stockholders of some privately owned corporations.

Well, Mitt, looks like you got some 'splaining to do to the college-age voters and also to their parents. Those are two big voter blocs for either party and the G'Nopers have probably lost them.

Any links to this?? I actually got my Western Interstate Commission on Higher Education grant for my MA in Librarianship (loan if I did not return to Nevada to work) forgiven for work I did on improving the situation of victims/survivors of crimes through improving access to practical information. None of this work was done in Nevada but it affected every state in the US in some way or another. I did most of this work from Palm Harbor, FL as well as Minneapolis, MN and Rohnert Park, CA.

Maybe forgiveness for loans due to community work could be an option for recent college grads who cannot find work.

[Guest]

Any links to this?? I actually got my Western Interstate Commission on Higher Education grant for my MA in Librarianship (loan if I did not return to Nevada to work) forgiven for work I did on improving the situation of victims/survivors of crimes through improving access to practical information. Done of this work was done in Nevada but it affected every state in the US in some way or another.

I pasted a link in my response and please read both sides of this !! It is pretty typical in the last few years.....someone suffers while the politicians on both sides just play a game.....I condemn both sides, but think any discussion should provide all the facts !!!!!

[Guest]

This pretty much sums it up on this issue...

"Both parties know full well that they will need a bipartisan pact on financing the measure. They are both motivated to strike such an agreement because in the months before this November's presidential and congressional elections, neither wants to be blamed for letting college costs grow for students and their families struggling in today's weak economy.

But before they strike a compromise — which both parties believe will happen before July 1 — both were eager to use the debate to score partisan points."

The Associated Press: GOP blocks Senate debate on Dem student loan bill (http://www.google.com/hostednews/ap/article/ALeqM5heSz2xugw4RzWnYcae2Rv0vbOKNA?docId=b12d98155 8204ba5be384731b64fea19)

Searching for facts will sometimes prevent needless conversation. Looks like some folks on here get politically slanted feeds or something.

[Guest]

Bucco wrote, "I think, but you may correct me....that this bill was opposed because of the Democrat plan to fund it....raising payroll taxes on high-earning stockholders of some privately owned corporations.

The Republicans would like debate on their own bill which FREEZES rates and and paid for by abolishing a health care fund."

That is exactly what I said if you go back to my original post. The health care fund the Republicans want to abolish is the one that provides screening for cervical cancer and mammograms for poor women.

Yes, both sides want to freeze the student loan rate. The problem is where the money will come from.

Do you think it is best to take cervical cancer screening and mammograms from poor women or a few corporate fat cats who want another tax break?

[Guest]

Bucco wrote, "I think, but you may correct me....that this bill was opposed because of the Democrat plan to fund it....raising payroll taxes on high-earning stockholders of some privately owned corporations.

The Republicans would like debate on their own bill which FREEZES rates and and paid for by abolishing a health care fund."

That is exactly what I said if you go back to my original post. The health care fund the Republicans want to abolish is the one that provides screening for cervical cancer and mammograms for poor women.

Yes, both sides want to freeze the student loan rate. The problem is where the money will come from.

Do you think it is best to take cervical cancer screening and mammograms from poor women or a few corporate fat cats who want another tax break?

I think it sucks for both sides to use this issue for strictly political gain. You present this as if you are writing one of the negative ads...not that simple. WHY FORCE VOTE ? Not necessary and they know they will agree, but they force a vote so folks can talk like you are talking......not good for anybody

Why not just get it settled because they know it is going to happen...point of forcing a vote is what ?

Also you did NOT present that there was another proposal, and you did not present that both sides know they will settle

[Guest]

I have to say again to the readers: "Yes, both sides want to freeze the student loan rate. The problem is where the money will come from.

Do you think it is best to take cervical cancer screening and mammograms from poor women or a few corporate fat cats who want another tax break?"

[Guest]

I have to say again to the readers: "Yes, both sides want to freeze the student loan rate. The problem is where the money will come from.

Do you think it is best to take cervical cancer screening and mammograms from poor women or a few corporate fat cats who want another tax break?"

You can make that the issue if you are writing a negative ad which is how your post reads.....further investigation shows that to be the case as even the Democrats admit that a deal will be had but this is a vote they want on the record so that folks can say what you say and voila, your thread title, while untrue becomes an ad.

You have, nor do I, know where the settlement will be....The question you are presenting right now implies that there are only two alternatives and you do not know that......since we both know NOW, but didnt at the beginning of this thread that both parties are working on a compromise that they both know is coming. If you read about how Reid voted, which was against it,that tells you all you need to know...he KNOWS that leaves it open for a new vote on a compromise.

Why you left all of this detail out, I can only surmise but your question you pose now is mute....as YOU KNOW it will never come to that !

[Guest]

I just think that the repubs will not allow anything that makes Obama look good pass or be voted on,simple as that. As a group their mantra of Obama as a one term President, see Mitch McConnell ,overrides anything that might be good for America. The process is broken.

[Guest]

It would appear that the republicans are trying an old military tactic that seems to be failing.

That tactic is to get your enemies to fight amongst themselves - weakening each other so that the bystander can come by and compete against weakened enemies.

Were students going to vote Republican? How about women? Both are almost hopelessly lost to the Democrats.

It struck me that the goal might have been to try and get woman and students arguing against each other. The fly in the ointment was the funding mechanisms. By showing their "true colors" in objecting to "taxing the rich" they run the risk of looking more like puppets of an oligarchy.

[Guest]

It would appear that the republicans are trying an old military tactic that seems to be failing.

That tactic is to get your enemies to fight amongst themselves - weakening each other so that the bystander can come by and compete against weakened enemies.

Were students going to vote Republican? How about women? Both are almost hopelessly lost to the Democrats.

It struck me that the goal might have been to try and get woman and students arguing against each other. The fly in the ointment was the funding mechanisms. By showing their "true colors" in objecting to "taxing the rich" they run the risk of looking more like puppets of an oligarchy.

Not sure I understand what you are saying. Harry Reid knows they will come to a compromise....HE KNOWS THAT....check on his vote on this bill.

Problem is that the Democrats FORCED a vote that was not even necessary.

Thus I do not understand what you are talking about. The Democrats picked a funding source that they knew would make the Republicans look bad and then FORCED a vote. AND YOU are saying the Republicans played a game....please explain...they have NO power to play any game in the senate.

This was a one way political game. The dems picked the funding, then forced a vote...ONE intent...ONE....try to make a negative ad from it.

[Guest]

I think it sucks for both sides to use this issue for strictly political gain. You present this as if you are writing one of the negative ads...not that simple. WHY FORCE VOTE ? Not necessary and they know they will agree, but they force a vote so folks can talk like you are talking......not good for anybody

Why not just get it settled because they know it is going to happen...point of forcing a vote is what ?

Also you did NOT present that there was another proposal, and you did not present that both sides know they will settle

Bucco, Buggy's really got a valid point this time, while you're trying to sound so impartial by criticizing both parties for politicizing this issue. But you're just trying to wiggle out of admitting the Republicans are advocating an embarrassing, indefensible position here. You're sounding like Romney, who spent the day again insisting he engineered the auto company rescue through managed bankruptcy. He HAS to manufacture some way, no matter how false, to cast doubt on what the bailout did for GM & Chrysler.

You know as well as I that an overwhelming majority of Americans favor the Democrats' student loan proposal for obvious reasons. But you have to hedge again, another one of what I've called your 'yeah buts.' Your position here is almost identical to last week's 'yeah buts' on crediting Obama with showing real leadership ability in the bin Laden incident.


And even though the campaigning has officially begun you object to the parties politicizing?!? ! That's hypocritical. For as long as I can remember, you have posted every scrap of information you could politically spin into either support for Obama opponents or in opposition to virtually anything the President has done.

[Guest]

ijusluvit - do you NOT think that the dems forced the vote to make the repubs look bad? politicizing issues did NOT start with an official opening to the campaign season! both parties have been politicizing ANYTHING that they can since the dems lost the house! such is the reason for the LOW ratings of this congress!!! [Congressional Favorability Ratings - Rasmussen Reports™ (http://www.rasmussenreports.com/public_content/politics/mood_of_america/congressional_favorability_ratings) ; http://www.rasmussenreports.com/public_content/politics/mood_of_america/congressional_favorability_ratings]

[not sure where i heard this, but isn't the fund for screening for cervical cancer and mammogram screening scheduled for a reduction under the next provisions of obamacare that kick in - and the repubs were simply moving said reduction up a bit earlier? i know i heard some tv talking bobblehead make that comment - just can't remember which one!]

[Guest]

Bucco, Buggy's really got a valid point this time, while you're trying to sound so impartial by criticizing both parties for politicizing this issue. But you're just trying to wiggle out of admitting the Republicans are advocating an embarrassing, indefensible position here. You're sounding like Romney, who spent the day again insisting he engineered the auto company rescue through managed bankruptcy. He HAS to manufacture some way, no matter how false, to cast doubt on what the bailout did for GM & Chrysler.

You know as well as I that an overwhelming majority of Americans favor the Democrats' student loan proposal for obvious reasons. But you have to hedge again, another one of what I've called your 'yeah buts.' Your position here is almost identical to last week's 'yeah buts' on crediting Obama with showing real leadership ability in the bin Laden incident.


And even though the campaigning has officially begun you object to the parties politicizing?!? ! That's hypocritical. For as long as I can remember, you have posted every scrap of information you could politically spin into either support for Obama opponents or in opposition to virtually anything the President has done.

Here are the facts...

Senate controlled by Democrats.

BOTH parties are negotiating and KNOW they will come up with a compromise.

Despite, the Democrats put up for a vote a bill that they knew would not pass with funding they knew would be the most political sensitive for the Republicans.

The leader of the senate Harry Reid votes against it because that allows him to bring it back up as he knows will occur with the compromise.

Now, what did I say wrong here ?

They now have the headline the want.....the legislation will pass in the future with funding which probably will have nothing to do with either mentioned.

SOOO...what is your point > I just do not get it. They put a bill up to vote that they knew had no chance for ONE SIMPLE reason.

What am I seeing wrong here...and I dont do "yeah buts".....the other issue you mentioned was easy..I complimented when it happened...I did not like an ad about Obama USING it and even mentioning the other candidate...thats it...very clear...no yeah buts

And I believe that njbchbum is correct that the funding used in the Republican is slated go be gone anyway, but dont see how that changes what the Dems did...smart move and you folks who drink the party kool aid buy into it.

[Guest]

Harry Reid puts the bait out there, and the republicans in the senate fell for it again.

[Guest]

"A 2007 law approved by a Democratic Congress gradually lowered the rates but pops them back up to 6.8 percent in July because lawmakers were worried about costs."
[]GOP blocks Senate debate on Dem student loan bill | The Asbury Park Press NJ | APP.com (http://www.app.com/viewart/20120508/NJNEWS/120508017/GOP-blocks-Senate-debate-Dem-student-loan-bill)

i wonder why the r's are not more vociferous at blaming the d's for this whole mess!

[Guest]

Harry Reid puts the bait out there, and the republicans in the senate fell for it again.

Are you reading anything at all ?

What bait ?

He controls the senate.....any Republican bill is dead...wont even get a vote.

He put out a bill that he knew they would vote against and would look bad for them...he even voted so that, AS HE KNOWS, when the compromise is over, he can reopen and vote easily.

This is politics, but the presentation on here is NOT TRUE...NOT FACTUAL....NOT EVEN HAVING A BASIS IN FACT.

If you folks who find the need to do this stuff would do any reading of something other than your selected sites, the DEMOCRATS KNOW what is going on......geez...is it so important to get these negative ad materials together based on lies rather than doing what elected for ?

I will not defend the Republicans if they do this crap.....but trust me, in the Senate, they have no power to do anything at all and Reid will not allow anything that does not come out as a pro Obama ad.

[Guest]

"A 2007 law approved by a Democratic Congress gradually lowered the rates but pops them back up to 6.8 percent in July because lawmakers were worried about costs."
[]GOP blocks Senate debate on Dem student loan bill | The Asbury Park Press NJ | APP.com (http://www.app.com/viewart/20120508/NJNEWS/120508017/GOP-blocks-Senate-debate-Dem-student-loan-bill)

i wonder why the r's are not more vociferous at blaming the d's for this whole mess!

This is simply fodder for a negative ad, and those who support this kind of stuff are not interested in the nations business...only some kind of weird score keeping.

This is what makes politics today so terrible and rank. Amateurs who think they know what is going on can yell all over the internet and someone here in The Villages will believe it.

[Guest]

"BOTH parties are negotiating and KNOW they will come up with a compromise."

I have no idea that both parties are negotiating and I have no idea they will come up with a compromise.

I will ask you straight out - What do you think an appropriate compromise would be? I am sure you would agree that the student loan rates should not go back to over 6%, aren't you? If you do agree that the student loan rates should be frozen at 3%, where do you think the money should come from?

Personally, I think the Democrat idea of eliminating some tax breaks for some corporations is the best idea.

[Guest]

"BOTH parties are negotiating and KNOW they will come up with a compromise."

I have no idea that both parties are negotiating and I have no idea they will come up with a compromise.

I will ask you straight out - What do you think an appropriate compromise would be? I am sure you would agree that the student loan rates should not go back to over 6%, aren't you? If you do agree that the student loan rates should be frozen at 3%, where do you think the money should come from?

Personally, I think the Democrat idea of eliminating some tax breaks for some corporations is the best idea.

I have no idea, and surely you could not be so presumptious as to suggest that you OR I could possibly have an informed opinion on where the money should come from. As I said before, BOTH sides agree on not raising the rates...both sides have said it will not be raised.

This is what I said earlier...but before I post it...listen, I am not stupid. The President picked this issue very smartly and began to visit campuses etc to get on the record then the Senate over whom the Dems have total control
get it on the record that the Republicans voted it down and of course the make the funding as bad as they can for the headlines. This is not brain surgery....it is however, prettty exceptional using the senate like this for politics, but cant change that.

What is curious is how the President picks this subject, it quickly gets to the Senate vote, and suddenly the internet sites are armed and ready to go. I understand from some of my sources that this was a Dem move in using the internet to get this kind of conversation going. It is pretty much the case today and thus I see lots of truth in that.

Facts are as I posted earlier...you can tell me what I lied about but this is how I see it..

"Here are the facts...

Senate controlled by Democrats.

BOTH parties are negotiating and KNOW they will come up with a compromise.

Despite, the Democrats put up for a vote a bill that they knew would not pass with funding they knew would be the most political sensitive for the Republicans.

The leader of the senate Harry Reid votes against it because that allows him to bring it back up as he knows will occur with the compromise.

Now, what did I say wrong here ?

They now have the headline the want.....the legislation will pass in the future with funding which probably will have nothing to do with either mentioned."

I really suggest you read the link below.....some of us do know what this is all about...

"The Violence Against Women Act expired seven months ago, and hardly anyone noticed.

Now, Democrats are pushing to reauthorize the law in an attempt to gain the attention of women voters. Senate Democrats this week also are seizing on a July 1 deadline to prevent a doubling of interest rates for college student loans.

In 2011 budget crises and threats of a government shutdown impeded legislative action. This year Democrats are using little-noticed deadlines to drive their agenda as they seek to generate enthusiasm among groups of voters they consider pivotal in the November election.

Such target dates are “a convenience: We have to do this now when there’s a deadline, when deadlines weren’t all that important on other things,” said Jennifer Duffy, who tracks U.S. Senate races for the nonpartisan Cook Political Report. “There’s something in it for them, so this is as good a time as any.”

In 2011, lawmakers brought the U.S. to the brink of a government shutdown four times and flirted with a first-ever default on the federal debt. A House-Senate standoff led to a two-week lapse in aviation fuel taxes, and Congress came close to letting a payroll tax cut expire Dec. 31.

Senate Democrats plan a procedural vote today on legislation to head off a July 1 increase in Stafford college- loan interest rates to 6.8 percent from 3.4 percent. Last month, Democrats debated renewal of the anti-violence law, stressing that it expired Sept. 30.

Deadline-Happy Democrats Push Bills in Appeal to Voters - Businessweek (http://www.businessweek.com/news/2012-05-08/deadline-happy-democrats-push-bills-in-appeal-to-crucial-voters)

"Barack Obama, Senate Democrats, House Republicans and Mitt Romney all agree that student loan interest rates shouldn’t go up this summer -- but he's still pushing the issue."

Obama, GOP agree on student loan rates, but the president keeps pushing - POLITICO.com (http://www.politico.com/politico44/2012/05/obama-gop-agree-on-student-loan-rates-but-the-president-122493.html)

[Guest]

No, Bucco, you definitely are not stupid. I respect your posts for the most part but do not agree with many.

As far as a compromise being reached on student loans before the rate goes up - I kind of have my doubts. In 2011, lawmakers brought the U.S. to the brink of a government shutdown four times and flirted with a first-ever default on the federal debt. A House-Senate standoff led to a two-week lapse in aviation fuel taxes, and Congress came close to letting a payroll tax cut expire Dec. 31. That is from your posting. The standoffs have come so close to expiration dates that this one I think just might pass.

I remember the government shutdown engineered by Newt Gingrich. No one thought that would happen but it lasted 6 weeks.

Anyhow, this does not look good for the Republicans to be greedy about the extra tax breaks for some corporate fat cats.

[Guest]

No, Bucco, you definitely are not stupid. I respect your posts for the most part but do not agree with many.

As far as a compromise being reached on student loans before the rate goes up - I kind of have my doubts. In 2011, lawmakers brought the U.S. to the brink of a government shutdown four times and flirted with a first-ever default on the federal debt. A House-Senate standoff led to a two-week lapse in aviation fuel taxes, and Congress came close to letting a payroll tax cut expire Dec. 31. That is from your posting. The standoffs have come so close to expiration dates that this one I think just might pass.

I remember the government shutdown engineered by Newt Gingrich. No one thought that would happen but it lasted 6 weeks.

Anyhow, this does not look good for the Republicans to be greedy about the extra tax breaks for some corporate fat cats.

Of course it came from my links. I am an american before a Republican....I realize you have a need to be party oriented but not my style.

Of course it does not look good.....it is a negative ad in the making and that was the purpose all last week starting in the WH.

Example of the politics....Republicans have passed and forwarded to the Senate, 30 (or close to that) bill designed to hopefullyasu create jobs. NONE...NOT ONE even made it to the floor for debate...NOT ONE.

Now the President is calling publicly for some action on jobs. RIGHT.....

I repeat that news because another of the group that believes in all that is done by the Dem party just posted about pushing legislators to do something on Obamas jobs "bill" !!!!

You will not believe it but this man...Obama...the single most political president in history of this country both perceptually and in tangible numbers who preached bringing all together is the biggest divider we have had in years. You cannot be using the other party all along and expect some miracle to occur at times. Sure BOTH parties do it, but this man is about the most open about being so political and you folks just do not see it. You will chime in with what the party says instead of seeing it.

When his is right, I will say it...when he is wrong, you guys will not say it.

[Guest]

Our job is to make sure he is not reelected......who are the devisive ones?

[Guest]

Our job is to make sure he is not reelected......who are the devisive ones?

I realize this will be fruitless, but could you explain to me, in THIS SITUATION, where the senate is controlled by Dems, knows there are negotiations going on to compromise, puts a bill forth to publically embarass the Republicans because the know that it will not pass and they put the financing in as something to specifically give Obama some negative ad verbage....

Now tell me on this situation where this is anything but a political ploy by Democrats ? Please tell me what I am not seeing IN THIS SITUATION

[Guest]

It is to show the country that the Republicans are not interested in the poor or working-middle-class people. The Republicans want only the Federal student loans to be funded by stripping the health care for poor women. They will not listen to reason.

Democrats want to pay for the student loans by doing away with some tax breaks for a few corporate fat cats.

Makes perfect political sense to me to show that the Republicans are interested in corporate fat cats and could not care less about health care for the uninsured.

No, I am not sure that a compromise will be reached. Nothing indicates a compromise is being worked on at this time.

[Guest]

I think student loan rates should rise and fall just as other loan rates do. Why is the Federal government involved in this. Let the schools negotiate the rates.

[Guest]

also keep in mind the intent of the politicians to keep us all focused on what ever they choose to put on the "stage" or focus on, thus keeping us away from the real issues that plague this country that are significantly more serious.

If these clowns were running public companies they would not be able to keep their job 6 months. Now where did that subject of the federal budget go again?

btk

[Guest]

I think student loan rates should rise and fall just as other loan rates do. Why is the Federal government involved in this. Let the schools negotiate the rates.

Can you explain why student loans should have a higher rate than home mortgages or auto loans?

[Guest]

also keep in mind the intent of the politicians to keep us all focused on what ever they choose to put on the "stage" or focus on, thus keeping us away from the real issues that plague this country that are significantly more serious.

If these clowns were running public companies they would not be able to keep their job 6 months. Now where did that subject of the federal budget go again?

btk

Obviously there are some on here who dont get that !

A controlled contrived situtation to make political points and some on here run with it.

Ther are really wasting our time and money

[Guest]

a banker may answer the question by asking, where is the tangible asset for collateral?

If there are any left that do it anymore, the fewer tangible, liquid assets backing a loan the higher the interest rate.

It is very much a part of the equation of student loans.

btk

[Guest]

I think student loan rates should rise and fall just as other loan rates do. Why is the Federal government involved in this. Let the schools negotiate the rates.

Cuz the federal government is the lender. :doh:

[Guest]

I think student loan rates should rise and fall just as other loan rates do. Why is the Federal government involved in this. Let the schools negotiate the rates.

Posh, these are not bank loans to students. These are the Stafford loans which is a Federal student loan.

[Guest]

This continues even though it is/was a political theatre...nothing else.

"Regardless, members of both sides voice confidence that someway, somehow, a bipartisan agreement will be reached before July 1, when the rate is set to double to 6.4 percent on subsidized student "Stafford" loans.

A senior Democratic aide predicted that bipartisan talks would begin on Tuesday after the anticipated Republican blocking of the Democratic funding proposal, and the Democratic rejection of the House-passed Republican bill.

A top Republican aide agreed, adding, "We have time. I fully expect us to reach a deal."

Divided Congress likely to agree on student loans | Reuters (http://www.reuters.com/article/2012/05/07/us-usa-congress-studentloans-idUSBRE8460VS20120507)

[Guest]

Cuz the federal government is the lender. :doh:

Why? Oh and put that Doh where it don't shine.

[Guest]

Posh, these are not bank loans to students. These are the Stafford loans which is a Federal student loan.

Thank you for a non cynical explanation, but I don't get why the G is doing the loaning. Guarantee maybe but this is just too much government IMO.

[Guest]

Now...now. :doh:

[Guest]

Wells-Fargo is offering student loans at 3.4% variable. They also offer fixed at competitive rates.

[Guest]

Wells-Fargo is offering student loans at 3.4% variable. They also offer fixed at competitive rates.

Okee dokee, the good old private sector. The American way.