Reason
Member
- Joined
- Oct 21, 2008
- Messages
- 8,674
THIS IS HOW OBAMA WANTS STUDENT "LOANS" TO "WORK"...
Take this example: If Suzy Creamcheese gets into George Washington University and borrows from the government the requisite $212,000 to obtain an undergraduate degree, her repayment schedule will be based on what she earns. If Suzy opts to heed the president’s call for public service, and takes a job as a city social worker earning $25,000, her payments would be limited to $1,411 a year after the $10,890 of poverty-level income is subtracted from her total exposure.
Twenty years at that rate would have taxpayers recoup only $28,220 of their $212,000 loan to Suzy.
ILLEGAL, UNCONSTITUTIONAL, ILLOGICAL, IMMORAL, DESTRUCTIVE, & COUNTERPRODUCTIVE.
F**K YOU & YOUR CLUELESS IDIOTIC ECONOMICS OBAMA.
Take this example: If Suzy Creamcheese gets into George Washington University and borrows from the government the requisite $212,000 to obtain an undergraduate degree, her repayment schedule will be based on what she earns. If Suzy opts to heed the president’s call for public service, and takes a job as a city social worker earning $25,000, her payments would be limited to $1,411 a year after the $10,890 of poverty-level income is subtracted from her total exposure.
Twenty years at that rate would have taxpayers recoup only $28,220 of their $212,000 loan to Suzy.
ILLEGAL, UNCONSTITUTIONAL, ILLOGICAL, IMMORAL, DESTRUCTIVE, & COUNTERPRODUCTIVE.
F**K YOU & YOUR CLUELESS IDIOTIC ECONOMICS OBAMA.
