Obama Signs Bill Forgiving All Student Loan Debt

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Obama Signs Bill Forgiving All Student Loan Debt

Post by Username Taken » Fri Jun 06, 2014 11:07 pm

Where's Connecticuter???

Good news for you, "Obama Signs Bill Forgiving All Student Loan Debt".
Americans who are under the financial strain of repaying student loan debt are now off the hook for their education costs. President Obama signed a new federal bill this week releasing any student who has accrued outstanding debt because of the high interest rates and outrageous balances caused by college loans.

“Any student, past or present, who has taken loans from the federal government within the last 10 years to pay for higher education, will no longer be required to pay back those loans.” Said President Obama. “This forgiveness also is to be extended to any student currently enrolled in college, who may need financial assistance for the next several years as they finish their degrees.”

From a site recommended by OD, http://empirenews.net/obama-signs-bill- ... loan-debt/

:roll:
... give 'em a quick, short, sharp shock ...

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StroppyChops
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by StroppyChops » Fri Jun 06, 2014 11:09 pm

I wonder if OD has any student debt? This would be cause for rejoicing...
Bodge: This ain't Kansas, and the neighbours ate Toto!
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by Username Taken » Fri Jun 06, 2014 11:18 pm

StroppyChops wrote:I wonder if OD has any student debt? This would be cause for rejoicing...
Probably rejoicing as we speak.

:dragonchase: :whip:
... give 'em a quick, short, sharp shock ...

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Bitte_Kein_Lexus
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by Bitte_Kein_Lexus » Fri Jun 06, 2014 11:25 pm

Wow... That's kind of big. I thought student loans would be the next big bubble. Are they erasing the whole debts or just the interest accrued?
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StroppyChops
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by StroppyChops » Fri Jun 06, 2014 11:29 pm

Bitte_Kein_Lexus wrote:Wow... That's kind of big. I thought student loans would be the next big bubble. Are they erasing the whole debts or just the interest accrued?
The whole shebang, and giving you 150% back, and a kitten.
Bodge: This ain't Kansas, and the neighbours ate Toto!
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by PhnomRon » Fri Jun 06, 2014 11:34 pm

This is fake right?
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StroppyChops
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by StroppyChops » Fri Jun 06, 2014 11:37 pm

PhnomRon wrote:This is fake right?
Right, but don't tell OD
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by phuketrichard » Sat Jun 07, 2014 8:14 am

BULL :beer3: :plus1:

“We are a private company, and private lenders. We have no interest in not pursuing every possible avenue to squeeze every penny we can out of our borrowers.” Said Carla Edwarton, CEO of Sallie Mae. “Education is important, of course, and so is paying back your debt. We aren’t loan sharks, we aren’t going to break your kneecaps if you don’t pay, as much as we would like to…[But] you can bet we love making all that sweet, sweet high-interest rate cash.”
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by OrangeDragon » Sat Jun 07, 2014 12:29 pm

StroppyChops wrote:
PhnomRon wrote:This is fake right?
Right, but don't tell OD
Wouldn't impact me anyway... I don't have any student debt. What college time I did do was all paid for by the US of A. Part of that "Hey, sorry we killed of 90% of your ancestors and stole all of the good bits of land" thing.
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Re: Obama Signs Bill Forgiving All Student Loan Debt

Post by StroppyChops » Sat Jun 07, 2014 1:52 pm

OrangeDragon wrote:
StroppyChops wrote:
PhnomRon wrote:This is fake right?
Right, but don't tell OD
Wouldn't impact me anyway... I don't have any student debt. What college time I did do was all paid for by the US of A. Part of that "Hey, sorry we killed of 90% of your ancestors and stole all of the good bits of land" thing.
But we have this large tract of useless land over here that we will 'give' to your people, right?
Bodge: This ain't Kansas, and the neighbours ate Toto!
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