I have two very good sources who are looking for college loans presently and the are actually very frustrated with that process compared to what it used to be when their older siblings obtained loans.
Are you currently looking for a student loan?
***********************************
My concern is that those who are yearning for increased govt policy with regards to private institutions are very much convinced that it will be run better, with no problems, and no corruption.
I am not.
Obama himself believes there are billions and billions in medicare waste and fraud. Yet that is a govt program correct? So the answer is to slash and burn it and replace it with another govt run health program and this program will be the largest ever.
I don’t want to bang on health care. I guess I am just kind of awed by the reach of the govt. When does it stop and where does it end?
*********************
Yes I understand banks were charging higher rates then what the govt charged the banks. That is what they do. That is what mortgage lenders do. That is what servicing orgs do. This is how they make their money. They underwrite and do the legwork for the loan as well. Should they not make any money for doing that?
Even if the example works, where do you stop it? You see what I am saying? If you want to, if you really want to, you can take it pretty damn far and eliminate alot of private enterprise. You can say well it depends on the size of the organization and such… In the end though it is somewhat arbitrary and I am not sure it was the original intent for our govt.
Especially when I am told it is all for my own good.
