HOOPS: Batcho “50/50” to play tomorrow night against EWU
- By J. Apodaca
- Inside The Double T
- 25 Replies
OT: Is the student loan industry built on a lie?
- By jclarktt
- Inside The Double T
- 89 Replies
So it looks like there’s a good argument that the whole “student loans aren’t dischargeable in bankruptcy” line may be a lie. This is a fascinating article and Matt Taibbi is exceptionally talented. Hope
Some of you enjoy
taibbi.substack.com
“As long as it’s collateralized at Navient, they can borrow against that,” Smith says. “They say, ‘Look, we've got $3 billion in assets, which are just consumer loans in negative amortization that are not being repaid, but are being artificially kept out of default so Navient can borrow against that from other banks.
“When I realized that, I was like, ‘Oh, my god. They’re happy that the loans are growing instead of being repaid, because it gives them more collateral to borrow against.’” Smith’s comments echo complaints made by virtually every student borrower in trouble I’ve ever interviewed: lenders are not motivated to reduce the size of balances by actually getting paid. Instead, the game is about keeping loans alive and endlessly growing the balance, through new fees, penalties, etc.”
Some of you enjoy
The Trillion-Dollar Lie
Universities built palaces and financiers made fortunes in part through a lie: that student loans can't be discharged in bankruptcy. But a series of court cases is helping unravel the scam
taibbi.substack.com
“As long as it’s collateralized at Navient, they can borrow against that,” Smith says. “They say, ‘Look, we've got $3 billion in assets, which are just consumer loans in negative amortization that are not being repaid, but are being artificially kept out of default so Navient can borrow against that from other banks.
“When I realized that, I was like, ‘Oh, my god. They’re happy that the loans are growing instead of being repaid, because it gives them more collateral to borrow against.’” Smith’s comments echo complaints made by virtually every student borrower in trouble I’ve ever interviewed: lenders are not motivated to reduce the size of balances by actually getting paid. Instead, the game is about keeping loans alive and endlessly growing the balance, through new fees, penalties, etc.”
STORY: RedRaiderSports remembers the legacy of Mike Leach
- By J. Apodaca
- Inside The Double T
- 1 Replies
I tried to gather everything from the site here, so if you've been scrolling everything today this is pretty useless.
texastech.rivals.com
RedRaiderSports - RedRaiderSports remembers the legacy of Mike Leach
Read our remembrance of legendary coach Mike Leach.
texastech.rivals.com
Kenny Perry to UNT?
- By ttu4
- Inside The Double T
- 48 Replies
Seems like a real possibility.
footballscoop.com
Update at North Texas
A transformational week for North Texas athletics is underway.
footballscoop.com
HOOPS: Tracking Red Raiders: Drama in Champaign, Agbo finds hot hand
- By J. Apodaca
- Inside The Double T
- 3 Replies
RedRaiderSports - Tracking Red Raiders: Drama in Champaign, Agbo finds hot hand
As the college basketball calendar continues to chug along, we look at some former Red Raiders around the sport.
texastech.rivals.com
