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> There’s a lender on the other side of every transaction and they may not have had anything to do with the policy decisions you disagree with. Part of the arg
by UncleEntity 9y ago
> There’s a lender on the other side of every transaction and they may not have had anything to do with the policy decisions you disagree with.
Part of the argument was the government owns 90% of outstanding student loan debt. Don't know how true this figure is but that's their claim.
One would think if this were a viable plan Helicopter Ben would've done it when things were really bad since they were giving away money left and right to "kickstart" the economy -- I personally got like $4200 for nothing due to the way I was discharged from the reserves.
- troydavis 9y ago> Part of the argument was the government owns 90% of outstanding student loan debt. Don't know how true this figure is but that's their claim. At least according to http://money.cnn.com/2017/01/18/pf/college/navient-sallie-mae-sued-cfpb/index.html http://money.cnn.com/2017/01/18/pf/college/navient-sallie-ma..., by borrower count, roughly 50% are federally backed and 50% are private. However, even for the federal loans where taxpayers are the lender[1], there's still a choice whether to retire the debt or leave the debt as-is and fund something else (like tuition for future students). [1]: More on federal loan funding, ie, which government entities are actually the lenders: https://www.loan.com/student-loans/where-does-funding-for-federal-student-loans-come-from.html https://www.loan.com/student-loans/where-does-funding-for-fe...