Quote:
Originally Posted by Jim in CT
was warren only calling out the “predatory” lenders, and encouraging people to use the ethical lenders? that’s not how i recall it. she went after banks for exploiting students and driving up the cost of tuition. you cannot win this, i have all the cards, you have a pair of 4s.
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I think you're conflating issues Jim. Warren wants all college loans to be at a low enough interest rate so the lender -- often the US Government directly -- doesn't see a profit. I'm not sure why this would be a bad thing.
The predatory issue she has was with shady colleges working to attract students but failing to deliver an education. Previously the government would forgive these loans if the complaint was qualified...under Trump this has pretty much ceased.
Holding all the cards doesn't mean much if you're at the craps table just FYI
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