Acura, home the the "X" cars. They are like the Apple of cars. Nothing can be released without an "i" in the name.
When you buy a car they need to check your credit and if you are approved you may need to pay a higher rate for bad credit, because someone is at financial risk for default A 17 year old can borrow $200k for school with a signature When the third party is the Government it doesn't take a financial risk, any default will go to the taxpayers . It happens in health insurance....How many people shop around for health care...none, because a third party will cover it...and somehow the cost of aspirin in a hospital becomes $300 Just like collage costs has far exceeded inflation
That technology is the equivalent of a black and white tube TV. 15 years old at least.In tech years, like dog years, that might as well be a half century ago. It doesn't hold a candle to the invasive power of this stuff. Sure they can drive around and read every tag that comes into view, but the info derived has heretofore been limited to a great degree. Not to mention there's not a cop at every intersection inspecting every car. There is now. Plate scanners were the tip of the iceberg, this stuff is at the iceberg's base. You failed to notice however, I was agreeing with you and the points you made. A rare occurrence.
As you know, the chinese are on this campaign now to promote themselves as a friendly country to its own people and to other countries. Trying to restore their image to help with their global conquest. Anyway, I saw a couple heartwarming videos pop up where some parents whose children were kidnapped were now- decades later- re-united with their children, thanks to the chinese government. These were kids who were clearly taken in marketplaces by other civilians, not all the kids that the government has seized. And they dont care about the kids and the families other than to extract the propaganda value from it. Big brother is looking out for you. The cynical- or should I say realistic- part of me says they did a match with the dna they collected from everyone when the entire population was required to take a covid test- and thereby offer up a dna sample as a byproduct. Where am I going wrong here? Too much eggnog?
Making a small profit helps to cover the overhead and cost of running the loans....that is why Sallie Mae runs the same as Freddie and Fannie... that is why the progressive side is out of touch screaming about free colleges and no interest no profit school loans. If they dont make a profit to cover overhead then taxpayers still have to pay for it as it comes out of Dept. of Ed budget. There are community colleges and state schools which dont require $80,000 a year in total cost and thus much lower borrowing. If Duke and Syracuse and George Washington want to charge $80,000 a year in tuition and room and board and fees then let them, free market. But you dont have a right to loans from the government to pay for that if you are not qualified.
Some interesting stats: Student Loan Default Statistics The student loan default rate is on the decline overall, but it affects demographics to varying degrees. Student borrowers who attended private for-profit colleges are the most likely to default on their loans, whereas private non-profit college attendees are the least likely to default. 91.8% of all student loans come from the federal government. 10.8% of student borrowers default on their educational loans within their first year of repayment. 25% of borrowers default within their first five years of repayment. 10%-20% of student loans are currently in default. 15.6% of student borrowers who attended a private, for-profit college default within the first year of repayment. 7.1% of private non-profit college attendees default on their student loans. 42.8% of borrowers with loans in default owe a debt of $20,000-$40,000. 77.6% of borrowers owe $40,000 or less in defaulted student loans. 1% of borrowers owe $200,000 or more in defaulted student loans. Student borrowers who attended private 2-year and less-than-2-year institutions are the most likely to default on their educational loans. Since it is 10-20% of loans in currnet default, it is a small segment that can be dealt with via small reforms. Giving students to ability to buy textbooks NOT from the school bookstore will cut the books side of it down 50%. Sounds like nothing when you spend maybe $1000 on books in a year but multiply that by hundreds of thousands of borrowers you knock off quite a chunk of outstanding debt that can be used for other purposes. Fed loans should be allocated mostly to public institutions. Over a 10 year period you could chop off 33% of the outstanding debt which would be maybe $135 billion...