A Quote by Allen West
Part of Obamacare eliminated the private sector financial market that engages in giving college student loans. I mean, now the federal government has taken over college student loans, so I sit back and strategically look at this and say this just cannot be happening.
Quote Topics
Quote Author
Related Quotes
When SoFi launched in 2011, it focused squarely on the burgeoning student loan market - a market that, unlike housing, had no viable option to refinance both federal and private student loans from higher interest-rate eras.
Better educating our college students on the risks of high student debt and helping them to find alternatives to taking out student loans would help make the difference to their financial future.
If there were no government-guaranteed student loans, college tuition would be much lower.
If lenders are forced to scale back student lending because private student loans are subject to bankruptcy discharge, many students will be denied access to higher education.
The country doesn't owe you anything because you're an American or especially because you have a college degree. Now, if you think... If you are a college student and you've got a degree and you're out there and you can't find a job and if you think - if you agree with Obama that the Bush tax cuts ought to sunset - $700 billion ought to be taken out of the private sector and sent to Obama, then you deserve to be out of work for the rest of your life because that $700 billion taken out of the private sector could be used to grow businesses and hire people.
Payday loans are but one of many financial techniques - from overdraft fees to student loans subsidizing for-profit colleges - specifically designed to pull money from the pockets of the poor. This problem generally goes unrecognized by policy makers.
Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.
Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.
I had three jobs in college. The best day of my life was when I paid off my student loans, on my own.
When the time came for me to go to college, there was only one scholarship that my high school offered at the time and I didn't win that one, but that didn't stop me. I went on to college anyway. I worked my way through it and paid my student loans for 11 years.
Mr. Obama seeks to federalize large portions of education, beginning with his attempt to nationalize college student loans.
We need to make college affordable in price, and also have lower-cost student loans and more available grants for students.
When students have access to low-interest loans and government aid, colleges have no incentive to cut costs. Why should a college lower tuition if more students are able to pay with subsidized loans from the government?
The fact that you have government-guaranteed student loans has created a whole new sector in the American economy that didn't really exist before - private for-profit universities that sell junk degrees that don't help the students. They promise the students, "We'll help you get a better job. We'll arrange a loan so that you don't have to pay a penny for this education." Their pet bank gets them the government-guaranteed loan, and the student may get the junk degree, but doesn't get a job, so they don't pay the loan.
After college, I was burdened with student loans to repay, no financial cushion, so I wasn't in a position to bet everything on a creative-writing career - neither the writing-workshop academia life nor the freelance-writer version, trying to scrape by on short stories and house-painting gigs.
Since most American students cannot simply pay their full tuition out of pocket, financing a college education often takes the form of loans, both private and from the government.
Related Authors
Alexander Hamilton Quotes
American
Politician
Benjamin Franklin Quotes
American
Politician
Bernie Sanders Quotes
American
Politician
David Brooks Quotes
American
Politician
Hillary Clinton Quotes
American
Politician
Jill Stein Quotes
American
Politician
John F. Kerry Quotes
American
Politician
John McCain Quotes
American
Politician
Marco Rubio Quotes
American
Politician
Mitt Romney Quotes
American
Politician
Narendra Modi Quotes
Indian
Politician
Newt Gingrich Quotes
American
Politician
Paul Ryan Quotes
American
Politician
Rand Paul Quotes
American
Politician
Ron Paul Quotes
American
Politician
Ted Cruz Quotes
American
Politician