Class of 2011: More Debt Than Ever

http://www.quickanded.com/2010/03/se...things-up.html

the fed borrows at 2.8% and gives it to us at 6.8%, and after all the money for administering, which should be simple and electronic now, supposedly it gives some pell grants, only undergrad, and money to schools to improve grad rates, as they all hike tuition. 

Hmm How about giving to us at 3% and that will help?

they are looking to cut loan subsidy as well

so take that $109 bill a year, subtract $8.5 bill extra for pell dont see how its $16 more, and say only 7% avg rate, 4.2% profit. because you have 7.9% plus loans too. And Ill give the government that each kid pays back in 20 years, and I'm only counting 4 years in college where its collecting interest where most have college, then grad and another 6 months of "grace" where it collects interest, so 24 total years its paid

That means, get your own amortization calculator, for every $100 billion a year it makes almost $160 billion. $60 billion profit on each year it distributes, probably ends up 75 billion with subsidy cuts and more 7.9 plus loans. as tuition rises it wont be 20 years to pay back. thats why no pressure to stop tuition hikes, the average time is proabably 26 years from day dispersed. Tuition is very different from just 5 years ago, especially public schools

plus unlike if you had a private variable rate now you couldnt consolidate at these, unsurprisingly, great, and steady, rates the treasury or whatever fed sets.

 you are always stuck paying 6.8 or 7.9% and the best you can do is spread it out to 20- 25 years in irb post the college/grad interest build up, they then take 10% of income for 20 years

thats in 2014, currently 15% and 25 yearrs

so a solid 4% tax on student loans every year for life of loan as well as everything else they take and giving colleges green light to hike tuition

thats enough money to rid the federal debt in 160-170 years but that wont budge

the fed could just the give those and every other student 2.8-3% rates and guarantee those like they already do and no one would still be left out for the

Ex How further student abuse

umdnj uses education building only bond used to pay medicaid debt, fraud charge by medicaid and other UH non educational debt, as well as tuition/fees revenue to pay interest rate of 7.47% and state education funds as locked up collateral in a bank and I doubt interest paid on it

http://www.umdnj.edu/about/board/pdf/1_27_09_BOT_res.pdf

essentially University hospital is broke and always in debt to state and others so they use a bond/loan thats for educational buildings only from NJEFA.

http://www.njefa.com/njefa/activity/recent/2009/

http://www.bondsonline.com/Todays_Market/Credit_Rating_News_.php?DA=view&RID=2977

http://www.theuniversityhospital.com/about/minutes/UHBODminutes_4_28_10.pd

http://keepcaliforniaspromise.org/404/they-pledged-your-tuition-to-wall-street-summary/comment-page-1 

jo of NJ 1:40AM May 21, 2011