tag:blogger.com,1999:blog-15329279.post4465282873752650746..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: KELO Airs GOP Argument Against Student Loan Reform as "News"caheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-15329279.post-13625389710296742162009-09-12T17:41:57.692-06:002009-09-12T17:41:57.692-06:00Collegeloanconsultant:
The default rate is ~5%:
...Collegeloanconsultant:<br /><br />The default rate is ~5%:<br /><br />http://www.ed.gov/offices/OSFAP/defaultmanagement/cdr.html<br /><br />which I image is due to them not really being discharged except under extreme circumstances. Still, private institutions enter the program because they can make some coin. Also, from a lender stand point, the most they can lose is 3%, right? What other type of loan has such a low risk and high rate of return (~8% interest rate)? It's nearly as good as a CD/Bond with about double the interest rate!<br /><br />Besides, what are the lenders doing to earn this money? The risk seems way too low for the reward and competition is nearly eliminated in this sector.Tony Amerthttps://www.blogger.com/profile/00926509220711589398noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-30940485062429900982009-09-12T10:00:28.786-06:002009-09-12T10:00:28.786-06:00Corey, clearly the reason that KELO didn't giv...Corey, clearly the reason that KELO didn't give the pro side of the argument is because of the "Liberal Bias" in the news media. Clearly they have an agenda...(note, there is a lot of sarcasm in this post)TDhttp://badlandsblue.netnoreply@blogger.com