Comments on: Sallie Mae asking borrowers to part ways? http://www.financialaidnews.com/student-loans/sallie-mae-asking-borrowers-to-part-ways/ Student financial aid blog and news from the Student Loan Network Thu, 24 Jun 2010 08:22:27 -0400 http://wordpress.org/?v=abc hourly 1 By: davidtum http://www.financialaidnews.com/student-loans/sallie-mae-asking-borrowers-to-part-ways/comment-page-1/#comment-15555 davidtum Thu, 15 May 2008 22:54:09 +0000 http://www.financialaidnews.com/2008/05/15/sallie-mae-asking-borrowers-to-part-ways/#comment-15555 It is a strange paradigm. But ideally that is the best solution. Schools that are offering the "free ride" are providing the best economic value and ensuring the stability of the economy in that demographic. Borrowing money doesn't mean you have money. Its not yours to keep and having students borrowing up the ying-yang doesn't help if you are giving our country's future work force a millstone of debt around their neck. It is a strange paradigm. But ideally that is the best solution. Schools that are offering the “free ride” are providing the best economic value and ensuring the stability of the economy in that demographic. Borrowing money doesn’t mean you have money. Its not yours to keep and having students borrowing up the ying-yang doesn’t help if you are giving our country’s future work force a millstone of debt around their neck.

]]> By: financialaidpodcast http://www.financialaidnews.com/student-loans/sallie-mae-asking-borrowers-to-part-ways/comment-page-1/#comment-15554 financialaidpodcast Thu, 15 May 2008 19:49:07 +0000 http://www.financialaidnews.com/2008/05/15/sallie-mae-asking-borrowers-to-part-ways/#comment-15554 Well, in this specific case, Sallie Mae is the winner and the taxpayer is the loser insofar as Sallie Mae is trying to recoup the extra 3% in loan value from the Department of Education. Which is better for the economy? Honestly, it's so confusing as to how much money is actually earned by the Department vs. Sallie Mae - so many people have studies that show things in their favor or not. Difficult to say. The biggest win - and this sounds strange coming from a guy whose paycheck is funded by student loans - is for people to not borrow ideally, or borrow minimally. The more people can fund education with a minimal amount of borrowing, the more disposable income our economy has later on down the road, which in turn benefits all taxpayers and society as a whole. Well, in this specific case, Sallie Mae is the winner and the taxpayer is the loser insofar as Sallie Mae is trying to recoup the extra 3% in loan value from the Department of Education.

Which is better for the economy? Honestly, it’s so confusing as to how much money is actually earned by the Department vs. Sallie Mae – so many people have studies that show things in their favor or not. Difficult to say.

The biggest win – and this sounds strange coming from a guy whose paycheck is funded by student loans – is for people to not borrow ideally, or borrow minimally. The more people can fund education with a minimal amount of borrowing, the more disposable income our economy has later on down the road, which in turn benefits all taxpayers and society as a whole.

]]> By: Norm Huelsman http://www.financialaidnews.com/student-loans/sallie-mae-asking-borrowers-to-part-ways/comment-page-1/#comment-15553 Norm Huelsman Thu, 15 May 2008 19:45:00 +0000 http://www.financialaidnews.com/2008/05/15/sallie-mae-asking-borrowers-to-part-ways/#comment-15553 My other thought is what will be better for the economy? Does Sallie Mae taking the hit help the economy because the Education Department will be gaining over time? Or is Sallie Mae on the way out the door as a lender and will be a huge hit on people with loans and people seeking loans. My other thought is what will be better for the economy? Does Sallie Mae taking the hit help the economy because the Education Department will be gaining over time? Or is Sallie Mae on the way out the door as a lender and will be a huge hit on people with loans and people seeking loans.

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