Eagle-eyed Americans expose continuing betrayal by the political elitist pigs who are the fleecing the American public while undermining this great nation.
Forbes had an article pertaining to TARP takers being banned from hiring foreign workers, which reader Rod agreed with -- but he notes,
1) Only US citizens should be eligible for student loans.
2) If the foreign college grad can't find a job in the US he/she can go back to their home country and default on the loans and due to the difficulty of international collections can expect no repercussions for the default.
3) Even more pernicious is the student loan lender loaning to a foreign college student. This is out right fraud. Why? Say they loaned the foreign student $ 100,000 and the student defaults. The lender can tack on up to an additional 22% collection fee for the default, regardless of their effort to collect and if they collect nothing from the student, the government has guaranteed it and the lender gets $122,000 a $22,000 premium relating to a borrower that should not have been loaned the money. Guess who gets the bill, you and I the American taxpayers. Thus the foreign student gets a free education at US taxpayer expense and the lender gets a $22,000 premium for loaning to someone they knew or should have known had a high probability of defaulting on the loan.