Reader comment on: Student Loan Bankruptcy Forgiveness
Submitted by Dorothy (United States), Jul 20, 2012 11:21
Student loans are guaranteed by the Feds anyway... lenders have NO risk and make more on defaulted loans, in collusion with the DoE.
The ENTIRE hit goes to taxpayers, including predatory capitalizing, compounding interest, fees, and charges AT THE BEHEST OF LENDERS who WROTE the legislation.
BECAUSE the lenders 'donated' the removal of ALL bankruptcy protections, virtually ALL consumer protections, and LEGALIZED an order of payment that does NOT require ANY amount of the payment be applied to the principal, LENDERS have guaranteed a non-deflatable 'bubble' that is more of a neutron bomb.
Note: Comments are moderated by the editor and are subject to editing.
Submit a comment on this article
Other reader comments on this item
Comment on this item