10 May 2012 0 Comments

Issues 2012 Part 2: Subprime Student Loan Subsidy – The Forgotten Taxpayer Going Bankrupt Subsidizes Another $5 Billion Studens and Higher Education

“April 27th  the House voted 215-195 to extend the reduced interest rates (from 6.8% to 3.4%) for Stafford undergraduate loans ( HR 4816).  They will pay for the cost with repeal of  the Prevention and Public Health Fund established under Obamacare.  As always, the $6 billion cost of the extension for one year will be […]

12 December 2011 0 Comments

Student Loan: Obama’s Student Loan Vote Buying Scam

Rush Limbaugh had an succinct and insightful take on Obama and the Student Subprime Loan Bubble. Obama attempts to buy votes with debt forgiveness program; it turns out that, like so much of Obama Administration’s , it is rhetorical fraud distracting, like a magician, from the reality. Rush Limbaugh Big Education Racket Obama’s Student Loan […]

7 December 2011 0 Comments

Student Loans: The Next Bubble

Occupy Wall Streets privileged are lobbying for forgiveness of taxpayer funded student loans. Like subprime loans, students, and their p arents, were sold the idea that college education meant better pay and a higher standard of living. The fact that the cost of that education may not result in a commensurate benefit does not seem […]

9 September 2011 0 Comments

Two Birds With One Stone: Pay Off Student Loans – Save Lives

Is this an idea whose time has come?  TaxProf Blog brings us this story from UK: The Scotsman, Debt-Hit Students Urged to Sell Their Kidneys: Students should be able to sell their kidneys for tens of thousands of pounds to pay off university debts, according to a Scots academic. Sue Rabbitt Roff believes making it […]