Health Care Overhaul

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gustrock
Posts: 117
Joined: Sat Aug 29, 2009 3:11 am

Health Care Overhaul

Postby gustrock » Thu Mar 25, 2010 11:59 pm

Part of Obamacare is the idea of "stripping banks and other private lenders of their ability to originate student loans in favor of a system of direct government lending." What exactly does this mean for us law students seeking financial aid?

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jack duluoz
Posts: 187
Joined: Mon Sep 28, 2009 3:26 pm

Re: Health Care Overhaul

Postby jack duluoz » Fri Mar 26, 2010 12:05 am

i think it means lower interest rates. we will borrow directly from the govt, so we'll be cutting out the middle man (private banks).

it's a good thing.

eldizknee
Posts: 162
Joined: Mon Jul 06, 2009 6:33 pm

Re: Health Care Overhaul

Postby eldizknee » Fri Mar 26, 2010 12:08 am

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Last edited by eldizknee on Fri Jan 28, 2011 9:08 pm, edited 1 time in total.

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b.gump81
Posts: 193
Joined: Mon Jan 18, 2010 4:03 pm

Re: Health Care Overhaul

Postby b.gump81 » Fri Mar 26, 2010 12:14 am

for loan repayment, wasnt there something about soon being obligated to serve in a community service organization like americorp or the peace corp for a designated amount of time, rather than traditional monetary repayment?

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jack duluoz
Posts: 187
Joined: Mon Sep 28, 2009 3:26 pm

Re: Health Care Overhaul

Postby jack duluoz » Fri Mar 26, 2010 12:16 am

b.gump81 wrote:for loan repayment, wasnt there something about soon being obligated to serve in a community service organization like americorp or the peace corp for a designated amount of time, rather than traditional monetary repayment?


maybe, but am pretty sure that direct lending is the only thing that will be different for us. Everything else doesnt start until 2014 or whatever.




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