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hrmjustin

(71,265 posts)

19. Welcome to DU my friend!

Reply to frankingeneral (Reply #18)

Thu May 9, 2013, 10:04 AM

May 2013

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Elizabeth Warren: Student Loans Should Have Same Rate Big Banks Get [View all] kpete May 2013 OP

Hear hear Paulie May 2013 #1

College should be free. The 1% should be taxed to pay for it. onehandle May 2013 #2

+1000 LuvNewcastle May 2013 #3

Viva la Revolucion! DotGone May 2013 #4

There is no better return on investment for our country Politicub May 2013 #8

Doing her job. Ash_F May 2013 #5

We need to do all that we can to help her get this bill passed. Obama...get out there and jaw!!! n kelliekat44 May 2013 #6

LOL I knew it was going to be Obama's problem treestar May 2013 #9

OFA needs to be pushing this, too Politicub May 2013 #7

Let's wait to tell the students until all the repubs have a chance to come out against it. Gotta okaawhatever May 2013 #10

That would actually make very good sense bhikkhu May 2013 #11

You can't get blood from a stone Yo_Mama May 2013 #12

Default just means "late on payments" bhikkhu May 2013 #14

yes, and someone (the banks? the money lenders?) rake in huge profits on interest. Sunlei May 2013 #21

The federal government has about 85% of the student loans Yo_Mama May 2013 #24

how are the banks getting the interest profits then? I think there are middlemen somewhere. Sunlei May 2013 #27

The banks aren't involved in new student loans. The taxpayer is involved Yo_Mama May 2013 #29

Very informative posts. Thank you. n/t Psephos May 2013 #36

K&R midnight May 2013 #13

Wow- Best idea I've heard in a long time JusticeForAll May 2013 #15

Thank you, Sen. Warren! I'm going to get 'active' and call my closeupready May 2013 #16

yes the money lenders have set-up a huge profit interest rate volcano & our Gov needs to step-in Sunlei May 2013 #17

I'm going to start this with 3 caveats/background info: frankingeneral May 2013 #18

Welcome to DU my friend! hrmjustin May 2013 #19

I don't think the student loans can totally 'default' like walking away from a home morgagecan they? Sunlei May 2013 #20

This is correct. And, except for VERY rare circumstances, not dischargeable in bankruptcy. PeaceNikki May 2013 #23

Thanks Peace, I though so, even defaulters will suffer the rest of their lives with debt. Sunlei May 2013 #26

You're right frankingeneral May 2013 #32

You can't ever default. Even your social security checks can be garnished. riderinthestorm May 2013 #28

Oh, you sure as hell can *default*. PeaceNikki May 2013 #31

At the very least the loan should remain at the interest rate from date it was taken. Sunlei May 2013 #22

Wow--I was thinking of posting this as a White House petition but figured it would be treated as a yurbud May 2013 #25

WHITE HOUSE PETITION: support Elizabeth Warren's bill to give student loans same interest rate banks yurbud May 2013 #30

Message auto-removed Name removed May 2013 #33

Go Elizabeth!!! warrprayer May 2013 #34

Students aren't too big to fail. olddad56 May 2013 #35

I think I'm falling in love with Elizabeth Warren olddad56 May 2013 #37