On the issue of Student Loans, only ONE candidate has publicly called for a return of standard consumer protections for student loans: Hillary Clinton.
In Fact, Senator Clinton is one of the very few members of congress who introduced legislation to reutrn standard consumer protectios to Student Loans.
There is a lot of heat, but no light around this issue, I have found. Obama has deftly sidestepped this issue at every turn, and I find this apalling.
Student Loans have stood apart from EVERY other type of loan instrument- federally guaranteed or not- that have had basic consumer protections, such as bankruptcy protections, statutes of limitations, Fair Debt collection Practices, Truth in Lending requirements removed by Congress under massive lobbying by the student loan industry.
Concurrently, orwellian collection tools such as wage garnishment, tax return garnishment, Social Security and Disability garnishment, termination from public employment, professional license suspension, and many others have been legislated into existence.
The cost of college, and student loan debt, has hit, and gone through the roof. People are literally fleeing the country now...or worse. ALL BECAUSE OF THEIR STUDENT LOANS. WTF????!!!
The banks and guarantors use these unAmerican laws to extract vast sums of unearned revenue from hapless student loan borrowers who run into financial difficulty. It has become the epitome of predatory lending, but very few politicians have had the will to stand up to the lending industry that routinely fills their campaign coffers.
So if you care about student loans, You should send a message and vote for Hillary Clinton.
Obamites have absolutely nothing to refute this with. The proof is in the legislation. Action, Not words is the only thing that counts to me, and on this front, Obama is MIA.