The real Student Loan person
In reality, this is another screw the poor Americans program wrapped with torn blankets.These repayment programs are 20-25 years of servitude, making it necessary to take any job available to repay the loan providers.
FAFSA takes your application and if you or your parents make to much money, you don't get a nickel. If you are poor and needy the welcome mat comes out. So in the beginning you qualify only if you have almost nothing with no ability to repay. In the financial world, this is beyond high risk, so the govt steps in.
The government isn't all lovey-dovey as they put a loan provider, snatching profits, in the middle of all this. Then they slide in legislation making it virtually impossible for INDIVIDUAL debtors to discharge their debts using the Bankruptcy Code. How close are we to calling this slavery?
Then the PTB start changing the topic and say look over there, a trillion dollars in student loans can't be forgiven or the country will fall into another depression.Then they say we must pass the CRominbus Bill to bail out the banks with trillions so we can avoid another depression. How do we fall for this nonsense?
The poor for too long have carried the burdens of this country. Again, these are the people carrying this Student Loan debt and it's time to rid ourselves of this inequality. BLESS, those who have less and bring this rigged system to its knees.