Jon's Blog

Gotta love the parts of this HEALTH care bill that people don't even realize are in there. Take the Student Loans, which the government will disburse and own all the monies now. I just logged into my student loan to make sure that everything went through and was greeted with this:

"- Legislation passed that eliminated the Federal Family Education Loan Program (FFELP) and requires all student loans to be disbursed by the Federal Government through the Federal Direct Loan Program (FDLP) effective for any loan first disbursed on/or after July 1, 2010.
- If you apply for a PLUS loan another credit check will be completed through FDLP. Multiple credit checks may adversely impact your consumer credit rating."

So not only did the Federal Government take over any new student loans to be issued, but now, just to get a loan you may have to go through MULTIPLE credit checks there by possibly affecting your credit score.

Thanks again Mr. Obama! I look forward to firing you in 2012, and removing all the democratic power in congress in 2010!