“Under the Student Aid and Fiscal Responsibility Act (SAFRA) signed into law as part of ObamaCare in March of 2010, students may borrow money directly from the federal government regardless of their credit score or any other financial ‘issues’ they may be facing. They are not priced according to any ‘individualized measure of risk’ nor are there loan limits. They are instead politically determined by Congress with undergraduates receiving lower interest rates than graduate students, but graduate students allowed to borrow more than undergrads. This forced entry by the government into what was once a private market transaction has numerous consequences.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Punk Economics: The Kidnapper wears Prada
Get Ready for Confiscation
Peak Gold
Homelanders propose raising taxes on US Persons abroad to pay for “territorial taxation”
The Most Complete Criminal Organization In Human History
Bitcoin Comes Under Full Scale Attack by Regulators
The Airlines Work for Uncle Sam
DARPA Manager Explains Multiple Ways Cars Can Be Hacked And Completely Taken Over
Deadly marijuana raid leaves unarmed man dead in his home
Bloomberg anti-gun group apologizes for calling alleged Boston bomber, shot by police, a ‘victim’
Denmark’s Authorities: Bitcoin is Not Regulated Here
Maryland County Eyes Drone Ban: ‘This Is Not The Soviet Union’
The Hidden Arms Race
CIA Whistleblower John Kiriakou’s Open Letter to Edward Snowden
Ron Paul: Fed's Yellen Dangerous For The Economy