Government Debt Consolidation Loans – Update

The Unfunded Liability asked:


Since there is no risk in it for the college because everything is back by the government, cant schools just raise costs whenever they want and not worry about loosing students?

it is all guaranteed, the student will pay whatever it takes to get an education? Is this right?

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Brad M asked:


http://video.foxnews.com/v/4121296/the-well-has-been-poisoned

According to Senator Graham: “Student’s pay more for loans and have less choices” under the federal takeover. Graham claims that students will spend $1700 to $1800 more on their loans since the Federal Government is taking over the student loan industry. The reason he explains, for this government takeover is to charge higher rates on student loans that will generate revenue to the government instead of the banks to help fund the new health care bill.

What do you think about this?

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Obama W. Bush asked:


I don’t see how a minimum wage Government Clinician can pay back 1/4 Million Bucks of Student Med School loans

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