That didnt take long....

[Riot]

Originally Posted by ArlJim78

I predict that the student loan deal will be a debacle, and people will wish that they could deal with a bank.

And I predict it will be just fine. Since Clinton made changes years ago, it's been easy as pie to deal with the government regarding student loans - you can always get someone on the telephone, they are extremely responsive and quick, the website is interactive.

The banks did nothing except delay processing and confuse paperwork (my experience, thanks). The banks usually only had one person "trained" to do student loan paperwork, it was a nightmare. Thank goodness they are out of the picture.

[ArlJim78]

Originally Posted by Riot

And I predict it will be just fine. Since Clinton made changes years ago, it's been easy as pie to deal with the government regarding student loans - you can always get someone on the telephone, they are extremely responsive and quick, the website is interactive.

The banks did nothing except delay processing and confuse paperwork (my experience, thanks). The banks usually only had one person "trained" to do student loan paperwork, it was a nightmare. Thank goodness they are out of the picture.

thank goodness indeed.
so much for your efficiency and streamlining pipedream. the CBO says it will add $52 billion to the deficit. So triple that and you will be close to the reality.


(CNSNews.com) -- The student loan overhaul legislation signed into law by President Barack Obama on Tuesday could add $52 billion to the deficit between 2010 and 2020 when the cost of the market risks and administrative expenses of the loans are taken into consideration, the non-partisan Congressional Budget Office (CBO) reported.

[Riot]

Originally Posted by ArlJim78

thank goodness indeed.
so much for your efficiency and streamlining pipedream. the CBO says it will add $52 billion to the deficit. So triple that and you will be close to the reality.


(CNSNews.com) -- The student loan overhaul legislation signed into law by President Barack Obama on Tuesday could add $52 billion to the deficit between 2010 and 2020 when the cost of the market risks and administrative expenses of the loans are taken into consideration, the non-partisan Congressional Budget Office (CBO) reported.

A little disingenuous to post just the top paragraph, and not the rest of the article which explains the accounting differences and expands upon the savings.