Now: ObamaCare Types of Student Loans

            

The government has taken over the student loan business. And it is costly. Furthermore,taxpayers will put up $100 Billion as a start.

                   

The problem here is that private lenders did a better job of evaluating risk and collecting bad debt, than the government. Any estimates of “savings” by the government is a fantasy.

                   

Government figures, for example, never have those the private lenders include, such as two-year college programs with much higher default rates. What is more, the government has a poor service record among student borrowers.

                   

In fact, government proposals are now on the track to eventually

forgive whatever loans students never do pay back.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)