Quote:
|
Originally Posted by rrod
"You wouldn't continue to pull funds from an already overwrought public system that can barely keep itself funded"
economics negative 101...actually basic 4th grade math. if you loan people money you don't "pull" funds from any source you get it back with interest...
|
Unless they aren't being paid back...
Quote:
|
Originally Posted by rrod
they are underwriting the loan they aren't actually loaning the money...
|
And if the student defaults, who pays... The Underwriter!
Quote:
|
Originally Posted by rrod
you also realize that student loans are not discharged in bankruptcy and that they take a chunk out every paycheck you earn until they are paid right?
|
Wrong. If you can demonstrate that paying them back would be an excessive financial burder, federal loans can be dismissed in an bankruptcy proceeding...