Sen. Elizabeth Warren Intros Legislation To Allow Refinancing Of Student Loans

[mrjarrell]

This is going to win her lots of votes from many college students and grads who have outstanding student loans. Good move on her part. There are more than a few dems who would love to see her as the 2016 candidate. I think a Hillary/Warren ticket would be unbeatable by the gop. They better hope she has no higher aspirations.

Sen. Elizabeth Warren Introduces Legislation To Allow Refinancing Of Many Student Loans - Consumerist

 

[jamil]

This is going to win her lots of votes from many college students and grads who have outstanding student loans. Good move on her part. There are more than a few dems who would love to see her as the 2016 candidate. I think a Hillary/Warren ticket would be unbeatable by the gop. They better hope she has no higher aspirations.

Sen. Elizabeth Warren Introduces Legislation To Allow Refinancing Of Many Student Loans - Consumerist

 

[Cygnus]

I have seen her debate Brown for the senate seat. I have seen her get asked tough questions and let Deval step in to talk. (and yet she still got elected)

Let them run her, she is as dumb as a bag of hammers. Also she has alledgely claimed to be a Native American becuase her "meemaw" said that her grandfather had high cheekbones......I swear it's true. She checked the box on her college apps or to teach at Harvard or something.......Oh did I mention she is stupid?

Hillary won't let her out of the primaries without carreer killing damage.

 

[Cygnus]

douubletap!

 

[Expat]

The greenies are hoping to run her on their ticket I think.

 

[rockhopper46038]

The 20th century Democratic strategy of buying votes, updated for the 21st.

 

[mrjarrell]

The 20th century Democratic strategy of buying votes, updated for the 21st.

It may be buying votes, but it's also addressing an almost trillion dollar bubble that threatens the economy. It's a smart move to start talking about something that's an economic threat. She's not as dumb as some people would like to think she is. She's just not on the right side of the aisle.

 

[MCgrease08]

I have seen her debate Brown for the senate seat. I have seen her get asked tough questions and let Deval step in to talk. (and yet she still got elected)

Let them run her, she is as dumb as a bag of hammers. Also she has alledgely claimed to be a Native American becuase her "meemaw" said that her grandfather had high cheekbones......I swear it's true. She checked the box on her college apps or to teach at Harvard or something.......Oh did I mention she is stupid?

Hillary won't let her out of the primaries without carreer killing damage.

I can understand if you don't agree with Warren's politics, but she's far from stupid.

 

[Waveraider]

There are more than a few dems who would love to see her as the 2016 candidate.

About two weeks ago, USA Today had a front page/top of the fold story of her as a possible candidate. I thought to myself "No way her crap fly's outside of Mass or CA". Just the promise of someone getting free stuff gets extra votes. Pretty sad.

 

[rockhopper46038]

It may be buying votes, but it's also addressing an almost trillion dollar bubble that threatens the economy. It's a smart move to start talking about something that's an economic threat. She's not as dumb as some people would like to think she is. She's just not on the right side of the aisle.

I agree it's a potential problem, but it is a government created potential problem so I'm unconvinced that government is going to be the solution. I think the idea of government making low interest loans available to almost everyone, for any degree, in completely unsecureable amounts that are then deferred and demonstrate high rates of default (that are then forgiven) is a fundamentally bad idea and most certainly outside the purview of anyone's idea of a "limited" government. Allowing interests rates to be renewed yearly if rates dip (but likely not allowing them to raise if rates increase) is a recipe for more tax payer (I mean "government") debt.

 

[ryknoll3]

I'm not afraid of Lie-awatha.

 

[Tsigos]

I agree it's a potential problem, but it is a government created potential problem so I'm unconvinced that government is going to be the solution. I think the idea of government making low interest loans available to almost everyone, for any degree, in completely unsecureable amounts that are then deferred and demonstrate high rates of default (that are then forgiven) is a fundamentally bad idea and most certainly outside the purview of anyone's idea of a "limited" government. Allowing interests rates to be renewed yearly if rates dip (but likely not allowing them to raise if rates increase) is a recipe for more tax payer (I mean "government") debt.

It seems we have an aversion to low-interest loans for people who want to go to college but we are more than willing to let banks borrow money at near 0% interest so they can continue to make irresponsible loans and put our economy at risk of another collapse. Why do we always allow our tax dollars to benefit corporate America but will come up with all sorts of reasons why ordinary citizens should not benefit?

 

[Faine]

I agree it's a potential problem, but it is a government created potential problem so I'm unconvinced that government is going to be the solution. I think the idea of government making low interest loans available to almost everyone, for any degree, in completely unsecureable amounts that are then deferred and demonstrate high rates of default (that are then forgiven) is a fundamentally bad idea and most certainly outside the purview of anyone's idea of a "limited" government. Allowing interests rates to be renewed yearly if rates dip (but likely not allowing them to raise if rates increase) is a recipe for more tax payer (I mean "government") debt.

Where is this forgiveness you speak of? The law that states if you've made continual monthly payments for ten years without missing a payment of the minimum amount and still haven't paid them off they cut you loose? What loan broker is going to let your minimum monthly not result in complete repayment inside of 10 years? It's a farse of a law made to let people think they can escape, they cannot, only death is forgiven, or disability. The government created this mess and it's a much bigger mess than the housing bubble. Why, because it's everyday Joe's, not big business that pay for this mistake. College tuition costs need to be reigned in, book fees, lab fees, the list goes on and on and on. Allowing people to use government loans to major in ridiculous things like philosophy, because of all those philosophy jobs out there helping repay those loans. The schools are raping America one student at a time, brainwashing them with socialist propaganda, teaching that America is a democracy, growl!

 

[actaeon277]

Gee.
Those poor people.
Being forced to take out expensive loans that they can't afford to pay back.
If only there were some way to help them NOT SIGN FOR THE STUPID LOAN IN THE FIRST PLACE.

 

[Bill of Rights]

Gee.
Those poor people.
Being forced to take out expensive loans that they can't afford to pay back.
If only there were some way to help them NOT SIGN FOR THE STUPID LOAN IN THE FIRST PLACE.

The sad part is that to make enough to pay those loans back, you have to finish and get the degree, and THEN you can start paying. Without the degree, few people have the means to pay for college, while with the degree, they may still not have the means, due to lack of hiring.

To make the money, though, they are "forced" to take out the loan to go to college to earn the degree. I suppose they could be required to earn the money first, but I gotta tell you, if I had the means to make a couple hundred thousand a year without college, I can't see that I'd have much incentive to go to college at all.

In short, it's a vicious circle; no one is holding a gun to anyone's head ordering them to take out a loan for college. There is always a choice, but it's Hobson's Choice.

Blessings,
Bill

 

[avboiler11]

Student loan refinancing is NOT THE SAME as student loan forgiveness.

Most progressives would much rather have Warren run than Hillary; for the fervent base, she is their version of Ted Cruz.

 

[PistolBob]

You'd think college grads would know it isn't possible to borrow your way out of debt. Re-borrowing to pay debt is stupidity on the level of congressional behavior. Pay it off, don't refinance it. If it hurts, well good. Maybe you'll learn something from it.

 

[PistolBob]

I can understand if you don't agree with Warren's politics, but she's far from stupid.

Really? Isn't she the one that lied about being a Native American? She's a moron. Like most liberals.

 

[jamil]

You'd think college grads would know it isn't possible to borrow your way out of debt. Re-borrowing to pay debt is stupidity on the level of congressional behavior. Pay it off, don't refinance it. If it hurts, well good. Maybe you'll learn something from it.

That doesn't make any finacial sense. For those who can reduce the overall amount they'll pay by refinancing they would be irresponsible not to do that.

 

[actaeon277]

The sad part is that to make enough to pay those loans back, you have to finish and get the degree, and THEN you can start paying. Without the degree, few people have the means to pay for college, while with the degree, they may still not have the means, due to lack of hiring.

To make the money, though, they are "forced" to take out the loan to go to college to earn the degree. I suppose they could be required to earn the money first, but I gotta tell you, if I had the means to make a couple hundred thousand a year without college, I can't see that I'd have much incentive to go to college at all.

In short, it's a vicious circle; no one is holding a gun to anyone's head ordering them to take out a loan for college. There is always a choice, but it's Hobson's Choice.

Blessings,
Bill

They could get a job, and save money for college.
They could get a job, become indispensable, maybe make more.
They could join the military.
They could learn a craft. Craftsmen can still make pretty good money.
They could just not go to college. A lot of people go to college, rack up some serious debt, then work at jobs that do not even require a degree.