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Amazon Wants To Sell You Everything, Including Student Loans (qz.com)
Amazon sells all kinds of stuff -- some legit, some not as much. So it didn't really come as a big surprise when the company announced that it will now be selling student loans too. Quartz has more details: The e-commerce giant inked a deal with Wells Fargo to offer interest rate discounts on loans to students who are Amazon Prime members. The bank, which is the second largest student lender in the US, will shave off half a percentage point for Amazon "Prime Student" customers who take out student loans to attend college or are looking to refinance their existing student loans.
If you fall behind on your loan re-payments, you still get Free Shipping, but must use the "No Rush Shipping" option and forgo the promotional credit.
It must have been something you assimilated. . . .
Amazon even has this for free!
Not surprising to see Amazon to look for this easy money. Banks have been ripping off students and the government for years with this scam.
Interest rates are high... much higher than most loans.
Loans are guaranteed by the government so no risk to the lender.
Students can't declare bankruptcy and discharge the loans so they are on the hook for life.
Side note: when my daughters started college a few years ago, I was deluged with calls from student loan salespeople. Reminded me of home refinance deluge just before the crash. Fortunately, I had saved enough for their education so I was able to tell them to get lost.
I don't read your sig. Why are you reading mine?
Sounds to me like they want to *write* student loans. Which is quite different from selling them. I would be interested in buying the notes, if that's what they were selling. Usurious interest rates, no chance of discharge in bankruptcy, no expiration. This is the kind of investment vehicle I would want to own.
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banks / schools need to take risk for Students loans and not the unlimited anyone with anyone with a pulse can get system we have now.
medieval studies degree for 80K sing right hear. We don't care that you have no hope of a job to pay that back we don't care you can't use chapter 11 or 7 to get out of it.
I get that you need ads to pay the bills, but to go to the main page and see one of Outbrain's evil sub-sites with that tiresome "Melissa McCarthy's Gone" advertisement? What the fuck makes you think that anyone here gives a flying fuck about celebrities, or that such an obviously non-topical ad on the main page wouldn't be fucking annoying?
The world's burning. Moped Jesus spotted on I50. Details at 11.
Anyone else starting to think that soon Amazon will turn into the distopian Wall-E mega-store? Bezos already has his space hobby going as a side gig.
and Fuck Student loans. College shot up in price because we cut all the federal funding we used to give public Universities. That wasn't by accident. It was lobbied for by banks. It's a win-win. They can pocket the money once as tax cuts and again on massive interest from the loans. What I haven't figured out is how they convinced so many otherwise very intelligent people that a small uptick in Administrative costs is to blame vs the billions in Federal funding & grants that went missing.
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So Hebrew nation will become a Bank? How Long does it take?
Can Racist Goy Trolls use these banks?
Certainly. You don't suppose the Jews or Asians fall for these predatory loan scams, do you?
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
"How to succeed in business when your customers aren't making a living wage"
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C|N>K
I assume you can only collect ursury interest rates in a bear market?
Ezekiel 23:20
Are these going to be counterfeit too?
An average $1000-2000 over 10 years, the origination, application and prepayment fees alone are double that.
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I was rather hoping I could buy a block of those student loans gone to collection for mere cents on the c-notes. :)
Specifically one with anything from my family.
Then I could 'forgive' all of it, including those of my family, ask for donations from the forgiven and anyone else afterwards, and if there's enough, do it for another block. (There's a reason why some from my family may be in there, we're too damn poor to pay it, much less play Santa Clause without resources.)
Rinse, Repeat, Rack up Karma.
Maybe it's not a perfect solution, but I'm pretty sure it would make a LOT of people happy. (Especially me.)
Oh well. At this point is seems about as likely as winning the lottery. (Odds would be *slightly* better if I bought a ticket.)
Sounds like a great degree for a person who wants to write history books. Give them a couple decades to start being realistic about what they can actually use it for, if they never manage to develop any other skills.
If the student wants job training, they should be at a technical school; and deciding that is the student's part, not the school's.
Well you can go to Mitt Romney backed full sail university for 80K-100K there are an technical school.
I'd like to buy the ability to watch a video on youtube without being forced to listen to their "it's your friend's birthday blah blah blah blah" ad.
Requiem for the American Dream
Funny, I thought Hebrew National was a brand of hot dogs, not a bank. Who knew ?? (grin)
Student loans cannot be expunged via bankruptcy though, so borrowers are vulnerable to garnishment even after filing bankruptcy.
Funny, I thought Hebrew National was a brand of hot dogs, not a bank. Who knew ?? (grin)
That was my first thought too on the headline. And they are quite delicious. Oyvey! :D
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