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(NPR)   Once the federal agency most likely to get eliminated as redundant, the Department of Education is now bulletproof because it's the sole originator of student loans   (npr.org) divider line 76
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1037 clicks; posted to Politics » on 26 Mar 2010 at 2:58 PM (4 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2010-03-26 11:20:15 AM
Yeah. The Department of Education was *this* close to being eliminated.

*rolls eyes*
 
2010-03-26 11:49:59 AM
Just because you talk about it in your conservative sewing circles doesn't make it reality.

The DOE being eliminated, even before this, was about as likely as winning the lottery while being attacked by a polar bear.

This is a good move. The DOE direct lending program has been doing it better and cheaper without the middle man.
 
2010-03-26 11:53:22 AM
Good - makes sense. I wish I would have had this for my loans, but all the better for the next generation.
 
2010-03-26 11:54:29 AM
tallguywithglasseson: Just because you talk about it in your conservative sewing circles doesn't make it reality.

The DOE being eliminated, even before this, was about as likely as winning the lottery while being attacked by a polar bear.

This is a good move. The DOE direct lending program has been doing it better and cheaper without the middle man.


A great big farking this. I mean, seriously, you assholes, who can defend the other program? We were letting the Federal government pay the goddamn banks interest, and taking all the farking risk if the loans got defaulted on! We were farking providing socialist farking welfare to a private industry. I mean, Jesus, if you're that disappointed, let's just continue to have the Feddies give out the loans and instead write a straight-up check for 50% of the amount we were giving them before. It'll save us all money and you can revel in a socialism you happen to agree with.
 
2010-03-26 11:59:14 AM
Why the hell were we going through the banks in the first place?
 
2010-03-26 12:27:03 PM
When's the last time a federal agency was eliminated, just curious?
 
2010-03-26 12:40:53 PM
tallguywithglasseson: This is a good move. The DOE direct lending program has been doing it better and cheaper without the middle man.

Based on my experience, I agree. But in the 1980's there was a significant push to eliminate the DOE as part of Reagan's agenda. That is true.
 
2010-03-26 12:42:43 PM
There was NEVER a good reason to eliminate the DOE. You absolutely need national, not local, standards of education.
 
2010-03-26 12:43:42 PM
Aarontology: Why the hell were we going through the banks in the first place?

It's a long, convoluted history to that involving pre-DOE days and Sallie Mae starting off as a quasi-governmental entity.

The short-short version: Sallie Mae became private, got very rich on the government teat, and lobbied the hell out of Congress to keep the FFELP program alive every time it came up for renewal.

You think a lender that issues government-insured loans AND gets paid guaranteed interest subsidies besides wants that incredibly sweet gravy train to stop?

/If you want to see welfare queens driving around in Cadillacs and eating steak and lobster, look no further than Wilkes-Barre, PA.
 
2010-03-26 12:53:04 PM
BKITU: It's a long, convoluted history to that involving pre-DOE days and Sallie Mae starting off as a quasi-governmental entity.

The short-short version: Sallie Mae became private, got very rich on the government teat, and lobbied the hell out of Congress to keep the FFELP program alive every time it came up for renewal


Thanks. The more you know...
 
2010-03-26 02:17:51 PM
Excuse me, it isn't called the "Department of Education," it's called the "Department of Education created by Jimmy Carter."

Get your facts straight libtards!
 
2010-03-26 02:22:04 PM
ragekage: tallguywithglasseson: Just because you talk about it in your conservative sewing circles doesn't make it reality.

The DOE being eliminated, even before this, was about as likely as winning the lottery while being attacked by a polar bear.

This is a good move. The DOE direct lending program has been doing it better and cheaper without the middle man.

A great big farking this. I mean, seriously, you assholes, who can defend the other program? We were letting the Federal government pay the goddamn banks interest, and taking all the farking risk if the loans got defaulted on! We were farking providing socialist farking welfare to a private industry. I mean, Jesus, if you're that disappointed, let's just continue to have the Feddies give out the loans and instead write a straight-up check for 50% of the amount we were giving them before. It'll save us all money and you can revel in a socialism you happen to agree with.


Conservatives will be against this saying the government is always worse than private enterprise at everything (except defense), and they may even cite what you just said as evidence of this. Now removing what you said from happening will make government more efficient than private enterprise, but we can't do that, because it will put it in full control of the government, which isn't as efficient as private enterprise. Derp derp.
 
2010-03-26 03:02:16 PM
The whole thing was a glitch in the first place. We fixed the glitch. Cry moar.
 
2010-03-26 03:02:38 PM
why does the private sector need government to give out student loans?

wouldnt the private sector be able to outperform the public sector for loans?

why is the private sector hurt without government assistance?

Can't they make more efficient, productive and better products for students?
 
2010-03-26 03:07:10 PM
Yeah...Education was the redundant one. As opposed to the Department of Making Sure All the Intelligence Bureaus Talk To Each Other...
 
2010-03-26 03:08:04 PM
I figured FFELP wasn't so bad in that it leveraged a smallish amount of money (the interest rate subsidies) into a hell of a lot of money (the FFELP loan principal). Nonetheless, I'm just as happy to have Direct Loans from here on out. The FFELP program was starting to get Funny, as anyone who worked for Nelnet in the last few years could tell you.

/yay, socialism!
 
2010-03-26 03:08:08 PM
Subby: because it's the sole originator of [Federally backed] student loans

The distinction is important. Banks can still originate all the private student loans they want. The difference is they now can't originate loans that are subsidized and backed by US taxpayers. Banks can still try to compete with Uncle Sam if they want.
 
2010-03-26 03:08:09 PM
IXI Jim IXI: Yeah...Education was the redundant one. As opposed to the Department of Making Sure All the Intelligence Bureaus Talk To Each Other...

I just wish the Department of Labor was actually allowed to do something.
 
2010-03-26 03:08:29 PM
Disasters in augmentation.
 
2010-03-26 03:08:44 PM
tallguywithglasseson: The DOE being eliminated, even before this, was about as likely as winning the lottery while being attacked by a polar bear.

Hey, don't joke. That happened to my cousin.

/the bear cashed in the ticket
//stupid bear
 
2010-03-26 03:08:47 PM
Joliet_Jake: I just wish the Department of Labor was actually allowed to do something.

What? Babies don't deliver themselves...
 
2010-03-26 03:08:58 PM
As a conservative, I don't have any problem with this. Higher education is a net benefit to the country.

It seems that I still could go to a bank and get a private loan, so what's the problem?
 
2010-03-26 03:10:15 PM
IXI Jim IXI: Joliet_Jake: I just wish the Department of Labor was actually allowed to do something.

What? Babies don't deliver themselves...


They would if we surrendered ourselves to true free-market health care. They'd pull themselves out of the womb by their own bootstraps.
 
2010-03-26 03:10:55 PM
GAT_00: There was NEVER a good reason to eliminate the DOE. You absolutely need national, not local, standards of education.

Exactly.

How else would school systems know how low to set those standards?
 
2010-03-26 03:12:19 PM
tallguywithglasseson: Just because you talk about it in your conservative sewing circles doesn't make it reality.

The DOE being eliminated, even before this, was about as likely as winning the lottery while being attacked by a polar bear.



Been done before...

www.rankopedia.com
 
2010-03-26 03:12:39 PM
Lernaeus: GAT_00: There was NEVER a good reason to eliminate the DOE. You absolutely need national, not local, standards of education.

Exactly.

How else would school systems know how low to set those standards?


True story:

When you go to fill out your FAFSA, they ask you if you've participated in any rigorous coursework.

Normal Iowa public high school graduation requirements are considered rigorous coursework. Public education can work when it's controlled properly.

Which is to say, by Democrats.
 
2010-03-26 03:14:26 PM
We should just have the Federal Government run everything anyway. I mean, what? Leave things up to people, families, corporations, cities, counties, and states? Kidding me?
 
2010-03-26 03:15:16 PM
anelson41: We should just have the Federal Government run everything anyway. I mean, what? Leave things up to people, families, corporations, cities, counties, and states? Kidding me?

Federal oversight does not mean federal control. But keep farking that chicken, bro.
 
2010-03-26 03:16:10 PM
karmaceutical: tallguywithglasseson: Just because you talk about it in your conservative sewing circles doesn't make it reality.

The DOE being eliminated, even before this, was about as likely as winning the lottery while being attacked by a polar bear.



Been done before...


When are they going to do the John Belushi story with that dude?
 
2010-03-26 03:16:52 PM
...because it's the sole originator of government-issued student loans, maybe.

I assure you that the private student loan business is quite healthy.
 
2010-03-26 03:18:12 PM
jaerik: ...because it's the sole originator of government-issued student loans, maybe.

I assure you that the private student loan business is quite healthy.


So is cannibalism, if you cook the meat properly.
 
2010-03-26 03:18:54 PM
anelson41: We should just have the Federal Government run everything anyway. I mean, what? Leave things up to people, families, corporations, cities, counties, and states? Kidding me?

Well, at least we found Will Smith's fark handle.

Ha ha, ha ha
What, what, what, what
Ha ha ha ha
Uh

/On your mark ready set let's go...
 
2010-03-26 03:35:03 PM
Troy McClure: Subby: because it's the sole originator of [Federally backed] student loans

The distinction is important. Banks can still originate all the private student loans they want. The difference is they now can't originate loans that are subsidized and backed by US taxpayers. Banks can still try to compete with Uncle Sam if they want.


THIS.

All the Feds are doing is not charging interest while you're in school. There's no reason a bank couldn't offer that.
 
2010-03-26 03:46:20 PM
Somacandra: tallguywithglasseson: This is a good move. The DOE direct lending program has been doing it better and cheaper without the middle man.

Based on my experience, I agree. But in the 1980's there was a significant push to eliminate the DOE as part of Reagan's agenda. That is true.


Killing the Education department as still popular until 1994-96. Until the derp took over the party.

School is too expensive -> Here's government money -> school is even more expensive -> repeat

ED needs to go as does the DoE.
 
2010-03-26 03:48:47 PM
Simultaneously cutting costs and raising the importance of a major federal department is BAD!!!

The most redundant department is the Department of Homeland Security. What the fark do they do, exactly?
 
2010-03-26 03:48:49 PM
The Onanist: I was going to say something about it being in the Fark posting rules (it IS the second rule), but I see that a couple kind folks have already enlightened you.

/And I'll just chalk up your little post to the fact that you probably aren't all that bright to begin with.


The Internet itself is not safe, you should not rely on people to "follow the rules" like its kindergarten.

For your own safety, I suggest you unplug permanently.
 
2010-03-26 03:52:01 PM
MrCab: All the Feds are doing is not charging interest while you're in school. There's no reason a bank couldn't offer that.

Yes there is. Non-accruing interest means that in an inflationary environment, the value of that principal decreases over time. Banks that do not charge interest while you're in school lose money.
 
2010-03-26 03:52:57 PM
LouDobbsAwaaaay: Simultaneously cutting costs and raising the importance of a major federal department is BAD!!!

The most redundant department is the Department of Homeland Security. What the fark do they do, exactly?


What's really funny about this is how many federal agencies the Bush Administration rolled into Homeland Security, simply to ensure it would be impossible to take apart. INS, FEMA, and any number of other agencies are directly controlled by the department now, and they would have to be reorganized to eliminate the department.

Go team small government.
 
2010-03-26 04:00:14 PM
Somacandra: But in the 1980's there was a significant push to eliminate the DOE as part of Reagan's agenda. That is true.

As was criminalizing abortions.

But that is and was more "likely" than eliminating the DoE.

I guess I shouldn't have said "sewing circles" but I think Regan had to know his proposal would never get any traction in Congress. And Gingrich knew it'd never get past Clinton. IMO it was for rallying the base more than realistic policy, is what I mean. And then GWB actually implemented NCLB.
 
2010-03-26 04:00:48 PM
GAT_00: There was NEVER a good reason to eliminate the DOE. You absolutely need national, not local, standards of education.

Why? I don't see how the feds are any better at creating educational standards than individual states are.

I'm guessing this will be the part where you respond back "But then rednecks in Texas would teach Jesus riding on dinosaurs, derp"
 
2010-03-26 04:01:24 PM
failblog.files.wordpress.com

/ Just like the DOE
 
2010-03-26 04:04:39 PM
Knara: The Internet itself is not safe, you should not rely on people to "follow the rules" like its kindergarten.

Huh, I wonder where that original post/poster is?
 
2010-03-26 04:10:08 PM
Knara: The Internet itself is not safe, you should not rely on people to "follow the rules" like its kindergarten.

For your own safety, I suggest you unplug permanently.


Ooooh, you're so edgy! Such a rebel! I wish I could be cool like you!!!

/Neanderfark
 
2010-03-26 04:16:46 PM
MyRandomName: GAT_00: There was NEVER a good reason to eliminate the DOE. You absolutely need national, not local, standards of education.

Why? I don't see how the feds are any better at creating educational standards than individual states are.

I'm guessing this will be the part where you respond back "But then rednecks in Texas would teach Jesus riding on dinosaurs, derp"


No, but the saner states would make sure kids were properly educated. No creationism, plenty of sex education. Stuff like that. I'd expect that the voice of reason would win out over the voice of whargarble.
 
2010-03-26 04:17:07 PM
Wells Fargo is a bank. It's a damn bank.

They got to jack up the interest on all my student loans, anywhere from 2 to 8 percent, every year I was in school. With the federal government's help.

Let the Department of Education and the Department of the Treasury handle government student loans. God yes. If they try to raise the interest, they are at least accountable for it.
 
2010-03-26 04:18:08 PM
I'll bet a few bunker busters would shut it down, as long as you put some sharpshooters around the perimeter to pick off the survivors who crawl out of the rubble. Under the DOE, the US has gone from having the best school system in the world to the worst.
 
2010-03-26 04:27:51 PM
ragekage: who can defend the other program?

Nice false-choice you give there.

Take your straw man out back and burn it.

/'when putting out a fire, one does not ask "what will we replace it with?"'
 
2010-03-26 04:29:00 PM
MyRandomName:
I'm guessing this will be the part where you respond back "But then rednecks in Texas would teach Jesus riding on dinosaurs, derp"


I'm not the person you're replying to, but as a Texan, I can safely say yeah, that'd be a good reason for national education standards.

Besides everyone knows Jesus rode sabre toothed tigers, not dinosaurs. Only an idiot would say that.
 
2010-03-26 04:32:01 PM
About got damn time
 
2010-03-26 04:33:06 PM
ScubaDude1960: I'll bet a few bunker busters would shut it down, as long as you put some sharpshooters around the perimeter to pick off the survivors who crawl out of the rubble. Under the DOE, the US has gone from having the best school system in the world to the worst.

And considering there have been no other changes in society in that period of time we KNOW they're responsible.

This is the kind of brilliant logic produced by a society that let's Texas control the national textbook standards.
 
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