tag:blogger.com,1999:blog-4202804909803677380.post2098037626204892894..comments2024-03-27T15:13:18.007-07:00Comments on Condemned to DEBT: It's Magic! Betsy DeVos' Department of Education allows Grand Canyon University to call itself non-profit while its parent company reports profit margin of 27 percentRichard Fosseyhttp://www.blogger.com/profile/05915307718139521622noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4202804909803677380.post-13247404673090813332019-06-17T23:56:38.176-07:002019-06-17T23:56:38.176-07:00Thank you I am glad about the encouragement! I lov...Thank you I am glad about the encouragement! I love your site, you post outstanding.<br /><a href="https://forms.gle/xps14b96kLoRmnJw8" rel="nofollow">Scott Lanzon Knoxville Attorney</a><br />Jasmeen Royhttps://www.blogger.com/profile/03843180520919768453noreply@blogger.comtag:blogger.com,1999:blog-4202804909803677380.post-16785089709891882712019-03-18T11:04:36.732-07:002019-03-18T11:04:36.732-07:00Thanks, Bob, for your perceptive comments. Betsy D...Thanks, Bob, for your perceptive comments. Betsy DeVos herself basically admitted in a speech she gave last November that a lot of student loans labeled as performing are not going to be paid back. I agree that the government should admit that a high percentage of student-loan debt is uncollectible and should be written off. Richard Fosseyhttps://www.blogger.com/profile/05915307718139521622noreply@blogger.comtag:blogger.com,1999:blog-4202804909803677380.post-40491695288956542802019-03-17T15:43:42.338-07:002019-03-17T15:43:42.338-07:00Thanks for the post. Halperin is always valuable.
...Thanks for the post. Halperin is always valuable.<br /><br />Student loans are not a very valuable asset, for at least two reasons:<br /><br />1. With 40% delinquency rates, the asset must be devalued right away (see Preston Cooper in Forbes.<br /><br />2. Loans are a toxic asset, in that many borrowers must be ruined in order for the asset to pay off. Kind of like an Oklahoma bank owning a lot of farm mortgages in 1932. <br /><br />Julie Margetta Morgan hammers home the concept that the federal government must stop trying to make money or break even on loans. We have to accept the idea that a lot of loan monies are not coming back. America is rich enough to handle this.bob.hertzhttps://www.blogger.com/profile/09686373408419885558noreply@blogger.com