Obama administration has begun denying student loans to Blacks w/bad credit

[Prodyson]

1. Why is this being illustrated as a direct and personal attack against black people? The writer clearly has an agenda. Like... Obviously

2. Why is he acting like only black people have bad credit? Bad credit is bad credit. And we don't even know how bad someone's credit has to be, to be denied a student loan. Either way, I'm sure this isn't racially discriminatory.

3. Can't the student just take out the student loan if their parents credit is messed up? My parent's credit is just fine and they still made me take out the majority of my own loans

4. If a person with bad credit can't get a credit card, or a home loan, why should they be able to get a student loan? Doesn't it pose the same risks. Isn't this the same way we created the housing bubble... giving loans to people who don't have the means to pay the loans back? Haven't people here been predicting the same type of "bubble" with student loans?

5. I think this is smart, with the exception of applying this to students who were already enrolled in school. But otherwise, it makes perfect sense. I know people with good credit and good jobs who struggle to pay off their rediculous student loans, and we expect people with bad credit to be able to? All the while accruing more and more interest with every deferment?

Maybe this will convince students to go to schools they can actually afford. Maybe this will convince students to get degrees in majors they can actually use, since they'll have to put the loans in their own names. Maybe students will stop wasting their parents' money to go to school when they really don't want to, and end up with 4 years of student loan debts and no degree.... 6 years of student loans with a degree in sociology or psychology with no plans to go to graduate school

For the most part it makes sense to me...

 

[Real N Quotes]

why is everyone surprised? all Obama does is put black people down, black people are worse off statistically under his administration. Obama only cares about his white masters, it's good to see black people especially the young black people, see through Obama's b*******.

He' a con man...he sold black people life insurance on the moon

 

[88m3]

It’s worth noting a few more facts about the federal parent PLUS loans. The interest rate is fixed at 7.9 percent, which is higher than the rate for federal Stafford loans to undergraduates. Until July 1, the Stafford subsidized loan rate is 3.4 percent and the unsubsidized rate is 6.8 percent. On July 1, unless Congress intervenes, the 3.4 percent rate for subsidized Stafford loans will double. (The subsidized loans, for students in financial need, do not accrue interest while the students are in school.)

Washington Post

thank you

 

[A.J.Soprano]

change we can believe in

 

[Hiphoplives4eva]

This president has been more harmful to the community than crack cocaine! Hopefully he is impeached soon.

 

[Born2BKing]

1. Why is this being illustrated as a direct and personal attack against black people? The writer clearly has an agenda. Like... Obviously

2. Why is he acting like only black people have bad credit? Bad credit is bad credit. And we don't even know how bad someone's credit has to be, to be denied a student loan. Either way, I'm sure this isn't racially discriminatory.

3. Can't the student just take out the student loan if their parents credit is messed up? My parent's credit is just fine and they still made me take out the majority of my own loans

4. If a person with bad credit can't get a credit card, or a home loan, why should they be able to get a student loan? Doesn't it pose the same risks. Isn't this the same way we created the housing bubble... giving loans to people who don't have the means to pay the loans back? Haven't people here been predicting the same type of "bubble" with student loans?

5. I think this is smart, with the exception of applying this to students who were already enrolled in school. But otherwise, it makes perfect sense. I know people with good credit and good jobs who struggle to pay off their rediculous student loans, and we expect people with bad credit to be able to? All the while accruing more and more interest with every deferment?

Maybe this will convince students to go to schools they can actually afford. Maybe this will convince students to get degrees in majors they can actually use, since they'll have to put the loans in their own names. Maybe students will stop wasting their parents' money to go to school when they really don't want to, and end up with 4 years of student loan debts and no degree.... 6 years of student loans with a degree in sociology or psychology with no plans to go to graduate school

For the most part it makes sense to me...

Breh, you tryna derail these dudes Obama hate thread? Of course he did this on purpose because he don't like nikkas. Didn't you see the speech he gave at Morehouse. Talkin bout "don't make any excuses to why you can't achieve" There are plenty of excuses nikkas can use in these streets. Obama don't fukk with nikkas.

 

[Kid McNamara]

1. Why is this being illustrated as a direct and personal attack against black people? The writer clearly has an agenda. Like... Obviously

2. Why is he acting like only black people have bad credit? Bad credit is bad credit. And we don't even know how bad someone's credit has to be, to be denied a student loan. Either way, I'm sure this isn't racially discriminatory.

3. Can't the student just take out the student loan if their parents credit is messed up? My parent's credit is just fine and they still made me take out the majority of my own loans

4. If a person with bad credit can't get a credit card, or a home loan, why should they be able to get a student loan? Doesn't it pose the same risks. Isn't this the same way we created the housing bubble... giving loans to people who don't have the means to pay the loans back? Haven't people here been predicting the same type of "bubble" with student loans?

5. I think this is smart, with the exception of applying this to students who were already enrolled in school. But otherwise, it makes perfect sense. I know people with good credit and good jobs who struggle to pay off their rediculous student loans, and we expect people with bad credit to be able to? All the while accruing more and more interest with every deferment?

Maybe this will convince students to go to schools they can actually afford. Maybe this will convince students to get degrees in majors they can actually use, since they'll have to put the loans in their own names. Maybe students will stop wasting their parents' money to go to school when they really don't want to, and end up with 4 years of student loan debts and no degree.... 6 years of student loans with a degree in sociology or psychology with no plans to go to graduate school

For the most part it makes sense to me...

Stopped in here to post this.

Well done.

 

[Kings County]

its everyone with bad credit

 

[Black smoke and cac jokes]

Like a poster said earlier, the administration is trying to avoid a credit bubble. My question is though, does this include people with no credit since my guess is that most people coming out of high school do not have any.

Obama, on the other hand, can go to Morehouse — which is being racked by staff furloughs because of his restrictive loan program — and tell graduates, as he did at a recent commencement, “Nobody is going to give you anything you didn’t earn.”

Although there is obvious bias in the article, this is slowly coming true. Obama is definitely a puppet for the recent attacks on minorities. The excuse, we got a black president so doing what we do is alright, is becoming a reality and Obama isn't doing anything to stop it.

 

[Tom Foolery]

*Is black and has good credit*

 

[MeachTheMonster]

Now it's Obama's fault that nikkas got bad credit

 

[CrimsonTider]

Them niccas are probably better off..

So many kids with 100k debts today working at McDs

How?

 

[Robbie3000]

This president has been more harmful to the community than crack cocaine! Hopefully he is impeached soon.

You were a decent poster at one point. Damn, what happened to you homie?