{"id":35152,"date":"2010-04-13T01:01:01","date_gmt":"2011-05-19T01:10:07","guid":{"rendered":""},"modified":"2011-05-19T01:10:07","modified_gmt":"2011-05-19T01:10:07","slug":"learning_the_student_loan_lesson","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2010\/04\/13\/learning_the_student_loan_lesson\/","title":{"rendered":"Learning the Student Loan Lesson"},"content":{"rendered":"<section>\n<p>RUSH: We start in Omaha. This is Andrea. Great to have you with us. Hello.<\/p>\n<p>CALLER: Hi, Rush. Mega dittos from Omaha, heartland of America.<\/p>\n<p>RUSH: Thank you very much.<\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125112.Par.89380.ImageFile.jpg\" width=\"300\" height=\"150\" class=\"alignright\"\/>CALLER: And thanks for taking my call. One of the things related to the health care bill that I think has gotten very little attention but it\u2019s frustrating millions of parents like myself with a graduating high school senior, is the student loan program. You know, this is the time of year where the students are getting their letters of acceptance and their financial aid package offers.<\/p>\n<p>RUSH: Right.<\/p>\n<p>CALLER: And I have a letter on my desk that I have to accept or decline, you know, by the end of this week for the college that my daughter is going to here in Nebraska. And the thing is that with the changes in the student loan program, I can\u2019t get any information on what\u2019s going to happen. The government\u2019s taking over as of July first. You know, here\u2019s what we think you\u2019re going to be eligible for in loans, and, you know, an undergraduate student can only borrow in their first year, they\u2019re only eligible for like $5,000 in a student loan, which, when you have a tuition and room and board of upwards of over $20,000 a year doesn\u2019t make much of a dent, even with a scholarship in the case of my daughter.<\/p>\n<p>RUSH: You dare to express a lack of gratification to the Obama administration, $5,000 you sneer at?<\/p>\n<p>CALLER: It\u2019s not that I &#8212; you know, I put myself through college and graduate school. I have a Ph.D. and doctorate in pharmacy which I earned last year. I have a gazillion dollars in student loans. I am grateful that I had the chance to put myself through, but to do this at this time of year when we are all trying, you know, us parents are trying to figure this out for our kids &#8212; and, by the way, you know, the financial aid office tells you that the government, and they assume that students no longer can put themselves through college, that they will rely on the parents\u2019 income as a big part of that formula. Well, you try to get some answers about where do you apply now. You know, we all had picked out like direct lenders we were familiar with. All that\u2019s out &#8212;<\/p>\n<p>RUSH: Wait, wait just a second here, Andrea. The Obama program doesn\u2019t kick in \u2019til July first, so can\u2019t you still go get a standard student loan from a lending institution that will soon be put out of business? I mean the government\u2019s just going to assume those obligations once the program kicks into effect.<\/p>\n<p>CALLER: Nope. Nope. No. No. Apparently not.<\/p>\n<p>RUSH: Really? (laughing)<\/p>\n<p>CALLER: Yeah, the other thing I heard on our local radio station that carries your show is that there\u2019s some kind of cap now that\u2019s imposed for families that make a hundred thousand dollars, that your kid isn\u2019t going to be eligible for &#8212; you know they have the subsidized and unsubsidized loans, and I called Congressman Lee Terry\u2019s office last week to try to get some answers about this, and all I got was, &#8216;We don\u2019t know what was in the bill, it\u2019s too soon, we are trying to find out. We\u2019ll have somebody call you back.\u2019 And of course it\u2019s a week later, and here we are trying to get our financial aid stuff done. I know I\u2019m not the only one out there. And here\u2019s the thing. Am I a middle class person because I make about a hundred thousand dollars a year? I have two kids in college, and the government, you fill out their stupid FAFSA form and the government tells me that for each child I can contribute $27,000 toward their education. Okay, so if the government takes 30% of my income in taxes between state and federal and Medicare and Social Security and I\u2019m contributing $27,000 to each child, then what am I supposed to live on, I\u2019m wondering? But they don\u2019t take that into account.<\/p>\n<p>RUSH: Oh, yeah, food stamps.<\/p>\n<p>CALLER: Yeah. (laughing) You know what, I wouldn\u2019t take &#8212; okay, my grandmother, when she came over here from Italy in the 1900s lived on beans and dandelion leaves rather than ask people for a handout, and I\u2019m sorry, but I &#8212;<\/p>\n<p>RUSH: You know, Andrea, I love you. You have an answer for everything I\u2019m throwing at you, and therefore you\u2019re gonna figure this out. I have no doubt you\u2019re going to figure this out. You\u2019re the kind of person that\u2019s going to figure it out. But a lot of people are not. A lot of people are going to be totally flummoxed by this. And they\u2019re going to be left behind, just like a lot of people think they\u2019re going to get health insurance and coverage and treatment, and they\u2019re not, and they\u2019re going to be left behind.<\/p>\n<p>CALLER: Well, the other thing was, kudos to Senator Kent Conrad, one of my neighbors I guess over in North Dakota, who tried to pull off the Bismarck bank job and get the bank of North Dakota cut out as a special carve-out in that program &#8212;<\/p>\n<p>RUSH: Well, it\u2019s a state-run bank, it\u2019s not a private sector bank, so that\u2019s a giant trick.<\/p>\n<p>CALLER: Yeah, well, all of this and plus the other thing is they keep saying all the savings are going to go into the Pell program. They lied, too, because the Congressional Budget Office actually took some of the savings from the government taking over the student loans and put it over on the health care side of the bill to balance out the costs. &#8216;Oh, we\u2019re going to save this much in student loans and we\u2019re going to put that on the other side of the balance sheet.\u2019<\/p>\n<p>RUSH: Why don\u2019t you try this, why don\u2019t you try calling whoever you\u2019re talking to about this and assure them, even if you have to make it up, just tell \u2019em that you voted for Obama and you plan on voting for him in 2012, what can they do to help?<\/p>\n<p>CALLER: Well, I\u2019ll call Senator Nelson\u2019s office with that one.<\/p>\n<p>RUSH: (laughing) Do that. Do that.<\/p>\n<p>CALLER: Thanks, Rush.<\/p>\n<p>RUSH: Your daughter\u2019s already getting a college education.<\/p>\n<p>CALLER: I have one in college that\u2019s finishing up and I have another one that\u2019s going to start in the fall, and God love her, she\u2019s got an academic scholarship and a voice scholarship, and she\u2019s a going to work hard.<\/p>\n<p>RUSH: Look, you have the mettle to figure this out, you are going to. I\u2019ve got a story from the New York Times, what\u2019s in the Obama new student loan proposal. It\u2019s a primer. I\u2019ll check it out here at the break coming up at the bottom of the hour. It appears to be actually helpful and we\u2019ll link to it at RushLimbaugh.com. You can go there and read it and see if it does offer any assistance to you. Anyway, Andrea, thanks much for the call. I appreciate it. <\/p>\n<p><BR\/>BREAK TRANSCRIPT<\/line><BR\/><a href=\"http:\/\/www.nytimes.com\/2009\/03\/11\/your-money\/student-loans\/loanprimer.html?_r=1\"><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125112.Par.87038.ImageFile.jpg\" width=\"450\" height=\"253\" class=\"alignright\"\/><\/a>RUSH: Okay, we\u2019re back, and I have perused the New York Times story published March of 2009, a year ago, &#8216;What\u2019s in the New Student Loan Proposal,\u2019 and here\u2019s what\u2019s relevant. We, by the way, have linked to this now at RushLimbaugh.com. &#8216;Lenders: Probably the most controversial part of the proposed budget involves an issue that most students do not care about: where their loans come from.\u2019 Now, their parents will care about that. &#8216;The administration wants to get rid of the federally guaranteed student loan program, called the Federal Family Education Loan Program. Under that program, banks and other companies (like Sallie Mae) have provided loans to students for years at rates set by Congress. The loans are guaranteed by the government. &#8230; Under the Obama proposal, students would borrow directly from the government. Students could still borrow from banks, but the loans would not be guaranteed and the interest rate would not be set by the government.\u2019 <\/line><\/p>\n<p>So apparently you can still get a student loan. If you want to go to a bank and get a loan for a kid to go to school you can but it\u2019s not going to be in any way guaranteed and the bank\u2019s going to charge you whatever interest rate they can. Now, this is as of a year ago. I caution you that this provision could have been changed from the time this whole thing was written to the time it was included in the health care bill. Remember, we\u2019re just learning now about some of the screwier things that are in the health care bill or not in it, so this could have been changed. But as of a year ago the New York Times says you don\u2019t have to go to the government to get a loan. You can go to your bank and get a loan. It\u2019s not going to be called a student loan. It\u2019s gonna be a standard loan for whatever &#8212; and whatever interest rate you get, you get; whatever they charge you, they charge you; and it\u2019s not guaranteed by the government. Otherwise you gotta go through the government to do it. <\/p>\n<p>&#8216;Loan amounts.\u2019 The Times says &#8216;This is actually the more important question for students and families. The administration aims to provide borrowing options for students to make it easier to pay for college without turning to private lenders, primarily by expanding the Perkins loan program.\u2019 So basically they\u2019re taking $70 billion out of the private sector here, they\u2019re administering it themselves (the administration is) and we all know why. This is to give them more control over education in the country because who can afford to go to college anymore on their own? They can\u2019t. Almost everybody is going to have to take out a loan even if they get a scholarship &#8212; and with Obama in charge of that, you know somebody gives you money they have a large say in what you do with it. Now, &#8216;Currently, undergraduate students can borrow up to $4,000 a year and up to $20,000 over all through Perkins. <\/p>\n<p>&#8216;The bad news is that interest on Perkins loans would accrue while a student was in college. That is one of the ways that the government envisions paying for those Pell grant increases,\u2019 which I haven\u2019t discussed, but they are part of the revision here in the student loan program. One thing this story does not address is the main question that Andrea had, and that is she\u2019s gotta respond to the college by the end of the week, but she can\u2019t get her financing squared away \u2019til July first when the government takes over the program. So she doesn\u2019t know what to do. Based on this, Andrea, the only thing you can do is go out and get a standard loan for a year or two from a bank at whatever interest rate they charge you and realize it\u2019s not guaranteed, and then after that expires and you pay that off (if you can get such a loan) then you go into the student loan program. I think the big lesson here&#8230; There\u2019s a huge lesson here. (interruption)<\/p>\n<p>Well, yeah, they screw up everything. But that\u2019s not the huge lesson. We know that. The huge lesson is: This is what happens when you become dependent on these people. This experience, Andrea, is already worth a college education for your daughter. This is what happens when you have to depend on the government for anything &#8212; and the point is, they\u2019re making it impossible for most Americans not to have to depend on government. They are structuring things so that more and more Americans are going to have to depend on government at one level or many levels during the course of their lives. The real lesson here is: Don\u2019t depend on them. Don\u2019t get yourself in a situation where you have to have their involvement before you can get anything of any significance done, because they do screw up everything that they touch. So you can still go to a private bank, Andrea, and you can still get a loan, just as you can get a car loan or whatever you want money for. <\/p>\n<p>But don\u2019t think of it as a student loan, not guaranteed and the interest rate is not set by the government. The bank gets to set that, charge you whatever they want. All the reform did was take away the federal money from private banks. So, you know, federal money was given to banks, banks loan the money, Congress guaranteed it, Congress set the rates. That\u2019s all changed. Federal money doesn\u2019t go to the banks anymore. So you can still try to get your own loan by the end of the week for at least the first year, first two years. Under the new law, private banks will no longer handle federally backed student loans. So if you go get a bank loan&#8230; As I\u2019ve been saying, if you get a loan from the bank it will not be federally backed, which is important to some people. But (sigh) in the end it may be better because you\u2019re not tied to the government in any way, shape, manner, or form to the money. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: Here\u2019s Eric, Pensacola, Florida, great to have you on the EIB Network, sir. Hello.<\/p>\n<p>CALLER: Hi, Rush. How are you doing?<\/p>\n<p>RUSH: Very well thanks.<\/p>\n<p><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125112.Par.8199.ImageFile.jpg\" width=\"300\" height=\"250\" class=\"alignright\"\/>CALLER: Yeah, Rush, I was really troubled by some things on the funding for the school loan program, and it didn\u2019t make any sense to me, so I started delving into it a little bit. I\u2019m an attorney so I looked at the law itself. And it appears to me that it\u2019s tied to a provision dealing with the National Health Service Corps, which I think some people talked a little bit about, and basically what it does by putting the federal government in control of student loans, in combination with the National Health Service Corps provision, which I can tell you a little bit about, it\u2019s basically going to put the federal government in at least nominal control over the funding for medical school training. The existing National Health Service Corps is basically the recruiting arm of the surgeon general\u2019s uniform health services.<\/p>\n<p>RUSH: Yeah?<\/p>\n<p>CALLER: And it\u2019s basically a way to fund doctors and other health professionals who go through their initial training and they incur a service obligation a lot like, you know, military officers, flight training, that kind of thing. That can be anywhere from six years, ten years, or basically anything that the secretary can &#8212;<\/p>\n<p>RUSH: Right. Yeah, anything at the secretary\u2019s discretion. It\u2019s in there over a thousand times in this bill. So it\u2019s like if you graduate from a military academy, you owe \u2019em four years.<\/p>\n<p>CALLER: Exactly. But it\u2019s a minimum of six, and it can be as much as the basic specialty &#8212;<\/p>\n<p>RUSH: Yeah, pretty soon they\u2019re going to be able to tell you where you have to go.<\/p>\n<p>CALLER: Well, it\u2019s deeper than that because by the federal government becoming a monopolist lender for medical schools &#8212; now, there may be Yales or Harvards or Princetons or whatever that have, you know, their own endowments to fund their own, but they\u2019re going to be a vast minority, most of the medical school training is going to be funded by the federal government, which then is going to be able to either lean on or dictate the curriculum in medical schools, and ultimately you\u2019re going to have a government-trained doctor who\u2019s gonna then be a government &#8212;<\/p>\n<p>RUSH: Hold on, hold on. I gotta take a break, but I don\u2019t want to get rid of you yet. Just hang on.<\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: We now rejoin our caller, a lawyer, an attorney from Pensacola who has read the student loan provision of the health care bill and gave us a little bit of a profile or preview of what\u2019s in it. Let me just sum up what you said. I\u2019ve got a couple sections of it here myself. I did this during the break. Now, what I found was in exchange for two to four years of service in a National Health Service Corps approved site in a health professional shortage area of greatest need, tuition fees, other reasonable education costs and living stipends, student training will all be paid for. So they\u2019re already telling doctors where they\u2019re going to go if they accept loan money from this program.<\/p>\n<p>CALLER: That\u2019s right. What it is is an existing program which has a number cap on it, there\u2019s only a few people that can go through it, basically is a recruiting tool for the National Health Service under the Surgeon General. The uniformed guys look like Navy guys. But what this legislation does is it removes that cap entirely. And to emphasize how important it is to their program, it\u2019s one of the few provisions of the bill that has dedicated funding in this law. It runs over about seven or eight-year period. I don\u2019t have it in front of, me but it runs from about $350 million in funding this coming fiscal year through like $1.2 billion in funding and escalating over that period, seven or eight years out.<\/p>\n<p>RUSH: Okay, so the upshot of this is what?<\/p>\n<p>CALLER: The upshot is if they\u2019re going to fund all the student loans and have the ability to leverage funding over both the students, they\u2019ll have a dedicated personnel source for their community health care clinics and moreover they\u2019ll be able to leverage that funding in terms of controlling the curriculum and moreover the specialties of the numbers of people who are trained in specialties in medical schools.<\/p>\n<p>RUSH: Meaning, in all practical purposes &#8212; (crosstalk)<\/p>\n<p>CALLER: &#8212; cardiologists or whoever.<\/p>\n<p>RUSH: Well, yeah. But the bottom line here is that the vast majority of medical students cannot pay for all of the years of medical education themselves, they\u2019re going to have to take out student loans. The student loan program now runs through the government. When you do that you are accepting an obligation made to the government that they can put you wherever they want you and put you in whatever specialty they want you in exchange for funding your education.<\/p>\n<p>CALLER: Exactly right, it\u2019s basically the Cuban model, and it\u2019s in this bill.<\/p>\n<p>RUSH: And that\u2019s something that has gotten very little attention. I did spend some time looking it up during the break. Eric, thanks much for holding on and summing this up. I really appreciate it. &#8216;The National Health Service Corps,\u2019 or as Obama would say, &#8216;corpse,\u2019 which is what Eric\u2019s talking about here, &#8216;loan repayment program provides $50,000 or the outstanding balance of qualifying student loans if it\u2019s less than $50,000, tax-free to primary care medical, dental, and mental health clinicians in exchange for two years of service at an approved site in a health professional shortage area. Upon completion of the service commitment, clinicians may be eligible to apply for National Health Service Corps additional support for extended service. That\u2019s how you pay off your student loan, become a doctor. And as I pointed out just moments ago, the number of years required to become a doctor are such that very few can pay for it themselves. <\/p>\n<p>Almost everybody\u2019s going to have to go through the student loan program, unless they want to go to a bank. You can still do that. You can still go to a bank and not have any of these federal obligations. You need equity, something collateral for the loan, there\u2019s no question, so most people are going to have to go to the government-run loan program. Doctors and nondoctors, students of any education are going to have to go to the government plan. If you\u2019re going to be a doctor, it does appear in this bill, we\u2019re looking at the paragraphs even now to back up what Eric said here on the phone, that you are going to be required to pay off your loan not just financially, but also by certain numbers of years of service, up to six, in what are called health professional shortage areas, HPSAs. I wonder how many people know this. <\/p>\n<p>Drudge already has a story up here: &#8216;US Faces Severe Doctor Shortage.\u2019 And there\u2019s a Wall Street Journal piece on this today, maybe the same thing. The Doctor shortage exists now, more and more doctors are deciding to get out of the program. We heard a couple call yesterday. And if the program does indeed insure all these 32 million that aren\u2019t insured, even if it takes to 2019 to do it, by definition, if you don\u2019t have more doctors into the system by then we\u2019re going to have a doctor shortage. So every day we learn something about this bill that just screams, &#8216;Repeal, repeal, repeal.\u2019 And Obama I think is gonna ratchet this up. He\u2019s put money into this, directly into the program. It\u2019s directly funded. It\u2019s even mentioned, as Eric pointed out, Cuban doctors now say they are slaves. Remember the story we had not long ago of these Cuban doctors that defected? More and more Cuban doctors are defecting and this is why, because they work at the pleasure of the Castro regime. And future doctors in this country apparently are going to be working at the pleasure of the Obama regime because they\u2019re going to have no choice but than to accept loans from the regime. It\u2019s that simple. <\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: This is Louise in Pittsburgh. Great to have you on the EIB Network. Hello.<\/p>\n<p>CALLER: Rush, it\u2019s a great honor to talk to you, and thank you for all you do &#8212;<\/p>\n<p>RUSH: Thank you.<\/p>\n<p>CALLER: &#8212; for the American people.<\/p>\n<p>RUSH: Thank you very much.<\/p>\n<p>CALLER: I heard the attorney just a few moments ago. As a physician &#8212; my husband and I are both physicians &#8212; in radiology, I\u2019m in one of the most litigious areas of radiology which is diagnosing breast cancer. My thoughts on this Obamacare bill is that one of the ultimate goals is to get everybody on some kind of government program so that they can lower our salaries and also therefore they won\u2019t have to worry about tort reform because then all the doctors will be government employees and you won\u2019t be allowed to sue them.<\/p>\n<p>RUSH: Right.<\/p>\n<p>CALLER: So along with having the trial lawyers in their back pocket, which we all know what a big donor they are to the Democrat Party &#8212;<\/p>\n<p>RUSH: Yeah.<\/p>\n<p>CALLER: &#8212; I\u2019m, you know, wanting physicians to get more active. I know there are several groups, there\u2019s a large group in New Jersey. It\u2019s about a 1,500-member group that is suing to try to block the Obamacare. But, you know, if people are worried about being able to sue their doctors &#8212; not that I\u2019m in favor of that because there\u2019s a lot of defensive medicine that\u2019s out there, and you know that 99% of doctors practice defensive medicine and the 1% that don\u2019t are probably lying because it\u2019s a scary business, unfortunately.<\/p>\n<p>RUSH: (laughing) I know. Look, I\u2019ve experienced it myself. Test after test after test just to make sure that some insurance company doesn\u2019t come after \u2019em or some lawyer.<\/p>\n<p>CALLER: There are people, and there are ways to have people\u2019s grievances addressed when the true problems rise. But what\u2019s going to happen is they\u2019re gonna turn doctors into state employees, and then you won\u2019t be allowed to sue a doctor if there is a problem because they\u2019ll only be making a quarter of a salary anyway and be a government employee.<\/p>\n<p>RUSH: Yeah. You can\u2019t sue the government.<\/p>\n<p>CALLER: Yeah. So I\u2019m just waiting for that to head around the corner.<\/p>\n<p>RUSH: I know. You know, people ask me &#8212; and I check my e-mail frequently here during the course of the busy broadcast day. Every time I say that there is going to be a doctor shortage and there will be fewer doctors, the spam e-mailers and the seminar e-mailers: &#8216;What do you mean, fewer doctors? You\u2019re just full of all kinds of horror stories! You\u2019re just trying to scare people. Why would Obama want fewer doctors?\u2019 I\u2019m not saying Obama wants fewer doctors. I\u2019m saying Obama doesn\u2019t have the hell of an idea what he\u2019s doing here. He thinks that the golden goose is always going to be golden. It\u2019s always going to be laying golden eggs that he can grab. He doesn\u2019t understand that Margaret Thatcher said: &#8216;Socialism is great until you run outta everybody else\u2019s money,\u2019 and then you\u2019ve got a big problem. Why would there be fewer doctors? <\/p>\n<p>They\u2019re going to be paid less. They\u2019re going to be working in a field forced on them in years where they don\u2019t want to be. It\u2019s in the health care bill, in the subset that\u2019s called the student loan program. The student loan program will be taken over totally by Obama starting July first. Everybody going to med school is going to have to go to the government to get their student loan, and it\u2019s going to be just like going to a military academy. In addition to paying for it, you owe them four years of service when you graduate. Not that that\u2019s bad, don\u2019t misunderstand. But in this case, you\u2019re gonna owe Obama the first six years of your career and you\u2019re going to have to practice where they send you. And they\u2019re obviously going to send people to areas where doctors are not locating on their own. Guess where those areas are going to be? That\u2019s the price that future doctors are going to have pay in order for the government to fund their education.<\/p>\n<p>BREAK TRANSCRIPT<\/p>\n<p>RUSH: Darren in Tampa, great to have you on the EIB Network. Hello.<\/p>\n<p>CALLER: It\u2019s truly an honor, Rush, to speak with you today. I call you a patriot.<\/p>\n<p>RUSH: Thank you, sir.<\/p>\n<p>CALLER: You know, this student loan mess, there may be actually a silver lining in that that we don\u2019t recognize, and sometimes that\u2019s what happens with these liberal agendas that come along. They backfire on them because the liberals don\u2019t understand the American people. I think that the harder it is to get into college or the harder it is to pay for college, especially when the government attaches their name to student loans, the less kids are going to want to go. The harder it\u2019s going to be for parents to get their kids to want to go. I mean, who wants to have to jump through hoops with anything that has the government\u2019s name on it? Everybody complains about everything from the post office on the driver\u2019s license bureau or whatever. It\u2019s impossible. Now, of course there\u2019s obvious benefits to maybe not having as much of a college-educated populace. I think that a lot of people say that, you know, we\u2019re not educated enough. But I would contend that we are overeducated, and I don\u2019t really see how anyone can get through the typical institution of higher learning and not come out totally liberal or at least messed up. You know, on the other hand &#8212;<\/p>\n<p>RUSH: Well, I understand that totally. I was going to jump in here because of the constraints of time. You say &#8216;overeducated,\u2019 I would say mal-educated or ill-educated. I mean they\u2019re educated, they\u2019re just taught lies. They\u2019re taught a bunch of drivel. But I\u2019ll tell you something. The notion that people are going to not want to go to college because they gotta go through the government to get there, I don\u2019t know. It\u2019s so embedded in people\u2019s minds that you have no chance in life if you don\u2019t go to college, that\u2019s going to be a tough one. I don\u2019t know if you\u2019re going to be right about that. It could be, though, because the American people are resourceful. You\u2019re right. Liberals never do properly predict the consequences of their actions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: We start in Omaha. This is Andrea. Great to have you with us. Hello. CALLER: Hi, Rush. Mega dittos from Omaha, heartland of America. RUSH: Thank you very much. CALLER: And thanks for taking my call. One of the things related to the health care bill that I think has gotten very little attention [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Learning the Student Loan Lesson - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2010\/04\/13\/learning_the_student_loan_lesson\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Learning the Student Loan Lesson - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: We start in Omaha. This is Andrea. Great to have you with us. Hello. CALLER: Hi, Rush. Mega dittos from Omaha, heartland of America. RUSH: Thank you very much. CALLER: And thanks for taking my call. 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