Financial aid?
9.15.2012 2 Comments
Are student loans financial aid? No, according to Mike Konczal of the Roosevelt Institute:
Student loans are an economic transaction, the same as if the government had contracted out to build a bridge or hired a person to serve in the military or police force or be a teacher. The money spent here isn’t “aid.” Hiring someone to build a bridge exchanges labor for cash. Student loans exchange cash now for cash later plus interest. Those student loans would be underprovided without the government, certainly, but in the same way that bridges and law enforcement and other goods would also be underprovided if they weren’t done by government.
Repayment plus interest entails the presence of a potential for-profit transaction between the loan-giver and loan-taker. Financial aid, such as a grant or waiver, is also an economic transaction, pace Konczal. But aid is a gift, not a money bet made by two contracting parties, one of whom wants to take profit from the exchange and another who wants to construct a better rewarded working life. Does the Federal Government earn a profit on these loans? Yes! The Federal Government earned money on Direct Student Loans, as Konczal points out (see also this, .pdf).
Aid — namely, help or a gift — does not need to be repaid. A loan, however, does.
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Movie star and singer Patrick Bruel had been one of France’s biggest stars during the ’90s, first making their name like a
teen idol and leading an excellent return to traditional
French chanson inside new millennium. Bruel was born Patrick Benguigui in Tlemcen, Algeria, on May 14, 1959.
The father abandoned the household when Patrick was a year old, and in 1962, after Algeria received its independence, his mom moved to France, residing in the Paris suburb involving Argenteuil.
A superb soccer player in the youth, Patrick first settled on the idea of becoming a artist having seen Michel Sardou perform in 1975.
As chance may have it, acting would get him his first
accomplishment; first-time director Alexandre Arcady ran an advertising seeking
a young man having a French-Algerian (or “pied-noir” in France slang) accent
for his film Le Coup fuente Sirocco. Benguigui (as having been still called) responded and acquired
the part. The following year, he spent a while in New york,
where he found Gérard Presgurvic, later to be his most important composer.
Source: http://stillrealtous.com/7-short-but-sweet-wrestling-gifs/
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