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evatronic
You got it.
It’s a sweet deal for the servicers… the loans are basically zero risk and the servicer gets to keep a lion’s share of the interest while only paying for the costs associated with servicing (customer service, mailing statements, pausing repayment for various reasons, etc.)
That said, those loans shouldn’t be confused with private student loans, in which the government is. It involved (mostly).
Right.
Owning one or two residential properties is fine, more is problematic.
I say “two” to handle the very common case of children putting their parents’ homes in their own name because Medicare clawback rules will take the home after they die if you don’t do it early enough.
The documents were delivered by GOP congresspeople during Trump’s term, over a July 4 holiday.
https://thehill.com/homenews/senate/395719-gop-senators-visited-moscow-on-july-4/
The Internet says that the total cost for a degree from Johns Hopkins medical student per year is $64,665. In addition, various indirect costs like books, housing, healthcare, various fees, living expenses, and so on, bring that same estimate up to around $105,000 annually.
$1,000,000,000 invested in a stupid boring index fund at an estimated 4% return yields $40,000,000 in interest alone, or, using the above numbers, enough for 380(.95) students each year.
Based on this quick page from their own website: https://www.hopkinsmedicine.org/som/education-programs/md-program/our-students/class-statistics
Wherein they accept just 266 students, it could last for a very long time.