Bold prediction: this deal is probably not as good as it sounds
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Here is a better idea... lets work on wiping out that loan debt altogether... instead of using it as a PR move.
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But then how are they going to make sure we keep working and growing the GDP until we're 90?
End of conversation
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here it is your next bubble and crisis
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If you don't want the debt don't sign up for it.
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I have tried to buy a house for years, paid rent never missing for years, but can't get a house loan b/c of my "debt to income" ratio.
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13k in "free money" it will only cost you a small administrative fee of $430,000 plus interest...........for 30yrs.
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That’s sounds good
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Nothing is free...beware of hidden costs...
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...allegedly 14...
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Even if this only “shifted” loan burden from student loan to mortgage it’s a good deal. SL not dischargeable, mortgage is.
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It doesn't dive up price, who wrote this?
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Seems skeptical. I'd be concerned that the compounded loan will bring compounded interest to the young consumer. Be careful.
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