{"id":44,"date":"2023-01-21T23:42:49","date_gmt":"2023-01-21T23:42:49","guid":{"rendered":"https:\/\/dcglobe.com\/?p=44"},"modified":"2023-02-09T21:56:51","modified_gmt":"2023-02-09T21:56:51","slug":"fed-raising-student-loan-rates-to-whopping-43-apr","status":"publish","type":"post","link":"https:\/\/dcglobe.com\/index.php\/2023\/01\/21\/fed-raising-student-loan-rates-to-whopping-43-apr\/","title":{"rendered":"Fed raising Student loan rates to whopping 43% (APR)"},"content":{"rendered":"\n<p>Once again the student loan rate is raised to astonishing 43% and according to Mr. Jerome H. Powell, the Chair of the Board of Governors of the Federal Reserve System, he actually recommended 73% but was turned down because his own daughter who is a graduate from Nazarene Bible College still has few hundred dollars of loan to repay. <\/p>\n\n\n\n<p>&#8220;Hey you gotta take care of the family and mark my word I will make sure that the rate goes up to 90% when my kids and family no longer have any outstanding loans,&#8221; said Mr. Powell at a wine and dine gala sponsored by Nelnet.<\/p>\n\n\n\n<p>Nelnet has been lobbying for strict financial control for students who are defaulting on student loans. &#8220;The idea is to get these students who fail to keep up with the loan repayment marked as a felon so they have no where to go but pay off the loan&#8221; said the President of Great Lakes Student loan Company. <\/p>\n\n\n\n<p>Loan servicing companies are pushing for new laws that can be used to go after the parents of the students as well as their relatives and neighbors. <\/p>\n\n\n\n<p>A spokesperson for student union of America said &#8221; We believe the pressure is coming from China as they are backing all the loans here in US. I mean Biden just used Chinese money to finance the drug rehab loan for his son Hunter.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once again the student loan rate is raised to astonishing 43% and according to Mr. Jerome H. Powell, the Chair of the Board of Governors of the Federal Reserve System, he actually recommended 73% but was turned down because his own daughter who is a graduate from Nazarene Bible College still has few hundred dollars&#8230;<\/p>\n","protected":false},"author":1,"featured_media":45,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/posts\/44"}],"collection":[{"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/comments?post=44"}],"version-history":[{"count":1,"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/posts\/44\/revisions"}],"predecessor-version":[{"id":46,"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/posts\/44\/revisions\/46"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/media\/45"}],"wp:attachment":[{"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/media?parent=44"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/categories?post=44"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dcglobe.com\/index.php\/wp-json\/wp\/v2\/tags?post=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}