OBAMA'S SOCIALISM!? - PowerStrokeNation : Ford Powerstroke Diesel Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 61 (permalink) Old 06-21-2010, 01:42 AM Thread Starter
PSN Local
 
spb_2006's Avatar
 
Join Date: Jan 2008
Posts: 354
OBAMA'S SOCIALISM!?

I'm a college student that can't afford to pay for all my schooling as I go so I've had to get some loans. I recently got a letter from the Department of Education telling me that all previous and any future loans will be had through "Great Lakes" lending on behalf of the Dept. of Ed.

So, now not only does Obama have all of our children watching his propaganda speeches in their classrooms nationwide but now he is taking over the monetary aspect of MY higher education!

So my question is, and I'm hoping for some factual information, do you think the government under the Obama administration will go as far as garnishing wages for tax returns, government incentives, and unemployment to repay these school loans. *Unemployment-FOR THOSE OF US THAT ACTUALLY NEED IT*


Sinister EGR delete, ARP Headstuds, replaced oem headgaskets, HD Bellowed up-pipes, 03 Turbo, SCT x3 with tunes from Gearhead...waiting impatiently for a bigger turbo and injectors...
spb_2006 is offline  
Sponsored Links
Advertisement
 
post #2 of 61 (permalink) Old 06-21-2010, 11:13 AM
Moderator
 
PsRumors's Avatar
 
Join Date: Feb 2010
Location: Cartersville, GA
Posts: 4,042
Re: OBAMA'S SOCIALISM!?

This is just part of the health care bill we are stuck with.

Garnishing your wages if you default or are you using garnishing wages being equal to a new tax to pay for all of this?

The Feds shouldn't be in education at all but throughout the years we have allowed them in more and more. This is just the next step.

'97 SCLB 4x4, 3.55, D60 w/ TrueTrac, 6637, Banks Techni-cooler, BTS Trans, Tru-Cool 4921 Trans Cooler, 1.0 exhaust housing, no ebv, 3" DP, Straight Exhaust, E-Fuel, TW tunes, International WP, 203*, Isspro Gauges
PsRumors is offline  
post #3 of 61 (permalink) Old 06-21-2010, 06:46 PM Thread Starter
PSN Local
 
spb_2006's Avatar
 
Join Date: Jan 2008
Posts: 354
Re: OBAMA'S SOCIALISM!?

No the garnishing of the wages is potentially to pay back what I would otherwise owe when I got done with school. I don't know about anybody else but I already use the return I get to pay for school and if its being taken away to repay loans...you get my point. I don't know that this is whats going to happen, I was hoping for someone to come along that knew more than I do, to enlighten me.

Sinister EGR delete, ARP Headstuds, replaced oem headgaskets, HD Bellowed up-pipes, 03 Turbo, SCT x3 with tunes from Gearhead...waiting impatiently for a bigger turbo and injectors...
spb_2006 is offline  
 
post #4 of 61 (permalink) Old 06-21-2010, 08:10 PM
Gandy Dancer
 
AK Gandy's Avatar
 
Join Date: Feb 2010
Location: In The Villages
Posts: 5,972
Re: OBAMA'S SOCIALISM!?

Quote:
Originally Posted by spb_2006 View Post
No the garnishing of the wages is potentially to pay back what I would otherwise owe when I got done with school. I don't know about anybody else but I already use the return I get to pay for school and if its being taken away to repay loans...you get my point. I don't know that this is whats going to happen, I was hoping for someone to come along that knew more than I do, to enlighten me.
I'm confused.

Is the full loan due upon graduation (which would be strange, as I've never heard of that).

Why would wage garnishment be an issue, unless you're not planning on repaying the loan.

Never have so many politicians, screwed so many Americans...just to make one black person lose his job.
Quote:
Originally Posted by Binderpower View Post
I can be possible.
AK Gandy is offline  
post #5 of 61 (permalink) Old 06-21-2010, 09:28 PM Thread Starter
PSN Local
 
spb_2006's Avatar
 
Join Date: Jan 2008
Posts: 354
Re: OBAMA'S SOCIALISM!?

No the full loan is not due upon graduation, you repay it just like any other loan but since the government now "owns" my student loans, I'm afraid they will start putting any any type of tax refund towards what I owe even though I'm still in school. I don't mean wage garnish as taking money from my bank account but as money that I would otherwise get back for taxes...

Sinister EGR delete, ARP Headstuds, replaced oem headgaskets, HD Bellowed up-pipes, 03 Turbo, SCT x3 with tunes from Gearhead...waiting impatiently for a bigger turbo and injectors...
spb_2006 is offline  
post #6 of 61 (permalink) Old 06-21-2010, 09:49 PM
Moderator
 
PsRumors's Avatar
 
Join Date: Feb 2010
Location: Cartersville, GA
Posts: 4,042
Re: OBAMA'S SOCIALISM!?

Quote:
Originally Posted by spb_2006 View Post
No the full loan is not due upon graduation, you repay it just like any other loan but since the government now "owns" my student loans, I'm afraid they will start putting any any type of tax refund towards what I owe even though I'm still in school. I don't mean wage garnish as taking money from my bank account but as money that I would otherwise get back for taxes...
Anything is possible but I don't think it is part of the law as of yet.

'97 SCLB 4x4, 3.55, D60 w/ TrueTrac, 6637, Banks Techni-cooler, BTS Trans, Tru-Cool 4921 Trans Cooler, 1.0 exhaust housing, no ebv, 3" DP, Straight Exhaust, E-Fuel, TW tunes, International WP, 203*, Isspro Gauges
PsRumors is offline  
post #7 of 61 (permalink) Old 06-21-2010, 10:32 PM
Gandy Dancer
 
AK Gandy's Avatar
 
Join Date: Feb 2010
Location: In The Villages
Posts: 5,972
Re: OBAMA'S SOCIALISM!?

Quote:
Originally Posted by spb_2006 View Post
No the full loan is not due upon graduation, you repay it just like any other loan but since the government now "owns" my student loans, I'm afraid they will start putting any any type of tax refund towards what I owe even though I'm still in school. I don't mean wage garnish as taking money from my bank account but as money that I would otherwise get back for taxes...
Who in the world told you this?

Here's what I would suggest.

Finish your education and then start paying back your student loan...........in accordance with the terms that you signed.

In addition, pay close attention to those who sound like extremists because............they probably are.

Never have so many politicians, screwed so many Americans...just to make one black person lose his job.
Quote:
Originally Posted by Binderpower View Post
I can be possible.
AK Gandy is offline  
post #8 of 61 (permalink) Old 06-21-2010, 10:50 PM
PSN Mega Miler
 
crowz's Avatar
 
Join Date: Feb 2008
Location: Ashland, Al
Posts: 6,480
Re: OBAMA'S SOCIALISM!?

You know thats something Ive never understood with the cost of college and so forth.

You take a class and the instructor who makes from $50,018 to $98,769 with the average pay being $68,138.

The average class size in a college is 27 students per class. This actually goes up drastically the higher the teacher is paid.

The average class load per day for a full time full degree student is 5.

So the college pays on average $340,690 per year for the teachers.

The average student pays $25,000 per year (not counting grants or kickbacks the schools get).

So thats $675,000 a year the college takes in not counting the profit on books and other fees, football, and who knows what else.

Seems to me thats a bit much profit wise for higher education. Yet the schools are screaming for more help from the government and students are getting routed into the loan deals like the op mentioned.....

2002 F250 SuperDuty Lariat PSD 7.3 Crew Cab 4x4 302,000+ miles.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
, Valvoline Extreme Blue 5w40 Synthetic,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
, Clifford Matrix 50.5x Alarm

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
,
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
, P3 Brake Controller, Swamps Injectors, PHP Tunes

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
crowz is offline  
post #9 of 61 (permalink) Old 06-21-2010, 11:06 PM
Gandy Dancer
 
AK Gandy's Avatar
 
Join Date: Feb 2010
Location: In The Villages
Posts: 5,972
Re: OBAMA'S SOCIALISM!?

Quote:
Originally Posted by crowz View Post
You know thats something Ive never understood with the cost of college and so forth.

You take a class and the instructor who makes from $50,018 to $98,769 with the average pay being $68,138.

The average class size in a college is 27 students per class. This actually goes up drastically the higher the teacher is paid.

The average class load per day for a full time full degree student is 5.

So the college pays on average $340,690 per year for the teachers.

The average student pays $25,000 per year (not counting grants or kickbacks the schools get).

So thats $675,000 a year the college takes in not counting the profit on books and other fees, football, and who knows what else.
I think you'll find that the 'average' (private/public, in-state/out-of-state) tuition is more like $12K-$13K.



Quote:
Seems to me thats a bit much profit wise for higher education. Yet the schools are screaming for more help from the government and students are getting routed into the loan deals like the op mentioned.....
Which institutions of higher learning are asking for help from the 'federal government?'

And the new student loan changes, were simply made to take the middleman bankers out of the equation.

In other words, they weren't the ones making the loans (the fed's were) and all they did was collect a 'management fee' .........for very little effort.

By cutting them out, more money will be available (up to $68B according to estimates) in the next ten years to give out more federal financial aid.

Sounds pretty damn reasonable to me.

Never have so many politicians, screwed so many Americans...just to make one black person lose his job.
Quote:
Originally Posted by Binderpower View Post
I can be possible.
AK Gandy is offline  
post #10 of 61 (permalink) Old 06-21-2010, 11:10 PM
Moderator
 
PsRumors's Avatar
 
Join Date: Feb 2010
Location: Cartersville, GA
Posts: 4,042
Re: OBAMA'S SOCIALISM!?

UGA is asking for more money from the State and hoping for more money from the Feds.

So the tax payers of GA are paying for the school yet when we send our children we must pay tuition.

Kind of like going down to the Sheriff's office to be fingerprinted for back ground checks and being charged $45. We payed for the Sheriff's office, we pay for thier salaries, we pay for the equipment they are using and we are charged.

'97 SCLB 4x4, 3.55, D60 w/ TrueTrac, 6637, Banks Techni-cooler, BTS Trans, Tru-Cool 4921 Trans Cooler, 1.0 exhaust housing, no ebv, 3" DP, Straight Exhaust, E-Fuel, TW tunes, International WP, 203*, Isspro Gauges
PsRumors is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the PowerStrokeNation : Ford Powerstroke Diesel Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome