student loans

Surely you Wonketteers have heard the librul media and members of Congress crowing about the new student loan bill, which is apparently not only a great deal for students but is also significant because it demonstrates that Congress is capable of passing something on a bipartisan basis. Everybody wins: Congress looks good! The new bill […]

It is a day ending with “day,” so obviously it is time for Elizabeth Warren to open her shrill harpy yammerbox and yell at some poor soul just doing his or her job. Who is getting “the business” today? Is it the bankers? Is it the people who are supposed to be regulating the bankers? […]

Wonketteers are all latte-drinking Prius-driving libruls, so they are all probably avid New York Times readers who are very familiar with the Times’ ongoing series on income inequality, “The Great Divide.” But just in case! Today’s installment is a cheery essay by Joseph Stiglitz, titled “Student Debt and the Crushing of the American Dream.” Doesn’t […]

Way out in the western part of the great state of Maryland is a mountainous land that is mostly rural and white and working class, more Winter’s Bone than The Wire. This corner of the state has been represented approximately forever by Roscoe Bartlett, an 86-year-old Republican who has something of a reputation of being […]

About a month ago, we informed you that someone had decided to do something about the one trillion dollar loan bubble (student, not mortgage), and by “do something” we meant “commission a report” with all kinds of recommendations that no one (except for maybe a couple bleeding heart liberals) did anything about. So here we […]

Yesterday, we learned a lot of fun facts about the one trillion dollar student loan bubble! Like the fact that student loans (unlike any other unsecured line of credit) cannot be discharged in bankruptcy, so the debt will never, ever go away,  not even if you die, and that banks will even garnish your social […]

Oh LOOK someone has decided to do something about the gigantic loan bubble (student, not housing) in the form of commissioning a report from the Consumer Protection Bureau, and YAY Senator Dick Durbin (D-Ill) has gone ahead and followed the recommendations of the report, introducing not one, but TWO bills on private student loans! TWO! […]

Truly shocking, Mitt Romney has moved on from chastising America for copying him to more important things, like the fact that education is expensive for a reason: so that only people who can afford it are permitted to get it. So true! While in Virginia on Friday, Romney said that while America may be “the […]

Speaking of public education and third world countries, guess where YOUR tax dollars are going? A) to public universities, which will give all Americans access to an affordable college education for the enrichment of all, B) to private, for-profit colleges universities, so Poors, seduced by pictures of cute girls studying in pajama bottoms can pay […]

Another day, another attempt by that punk Barack Hussein Nobama to diminish the presidency! What’d he do now? Did he put his feet up on his desk? Did he sing Young Jeezy in public? Did he fly in his plane? Did he act “cool”? (Yes. Burn him.) “You know, we had the Buffett Rule,” [House […]

There NOObama goes, being a CELEBRITY again (IN PEACH!!1!), this time by slow jamming the newz like a common jazz musician. Why does Obama insist on having a rich beautiful voice and being (clean and) eloquent? Why must he pander to the youth vote by promising to keep college loan interest rates low instead of […]

North Carolina Rep. Virginia Foxx, the beloved Southern belle, education subcommittee overlord, and defender of for-profit colleges’ right to loot the federal government and strap poor students with billions in debt in return for worthless pieces of paper, recently drew fresh OUTRAGE! with her admission that she had “very little tolerance for people” who graduate […]

Greetings old friends! It’s your Wonkabout on Special Assignment for your Wonkette to report on Obama’s college affordability speech at the University of Michigan where she just happens to be doing some learning of her own these days. So what did our dear President have to say to a crowd of hopeless college students hungover […]

The “new thing” in America is being desperately poor, until an audience of Tea Party sociopaths maniacally cheers your death outside the razor-wire fence of the hospital. But some of these uppity poors are so desperate that they’ve politely begged the rich monsters of Congress to forgive their many debts. HR 365 was introduced today, […]