And your understanding of the Fed and their target fund rate is woefully misinformed. Please try to educate yourself on these topics before looking like a jackass

Haha you serious? 58% of companies in S&P 500 have used non-GAAP earnings this year as opposed to 27% five years ago.....

Ya Ben Bernanke is the real star for capital markets here.

Frankly I think this is a pervasive problem with our education system. I am not disparaging art or history or any of these subjects, but it seems misguided that our education system often requires these studies while generally neglecting to emphasize important every day financial topics such as implications of loans,…

Jeez you raise a really good point. I always just assumed my balance was accurate and never did the due diligence to ensure they were doing the proper accounting. Kind of scary to think about

Can’t speak to the automatic payment functionality. IF you can specify the amount of the automatic payment though any amount in excess of your required payment should be applied to principal.

Ohh so you saying you are paying slightly more than your required payment? In such a case the extra money should be applied to principal. IF Navient were doing otherwise this should absolutely be something regulators look into.

you are correct sir

Ya I used to send in checks too, but I think you had to clearly mark on the check that it was to be applied to principal.

Extra payments. Your automatic payments can’t be changed as it relates to portion of interest and principal that is applied. Those follow an amortization table or schedule if you will of how your payments are allocated until the loan is entirely paid off. Basically early in the life of a loan your payment is mostly…

This is false. I have loans through Navient (formerly Salliemae) and I aggressively paid down my principal via the website. Not saying they aren’t possibly using shady practices but this isn’t one of them

Interesting idea, worth a shot. I’m a free market guy, but there is a difference between being a capitalist and being a complete asshole and Mylan, Mallinckrodt, Valeant, etc have completely overstepped that boundary. Something needs to be done.

I get it.... Canada is superior to the US. Let’s move on

Exactly. They have nothing to gain by engaging these people and potentially a lot to lose.

people need to stop looking for reasons to get outraged all the time

So this sort of income inequality isn’t an issue in countries with higher progressive tax rates?

deal

Mr. Nolan definitely sleeps with a night light on

Spot on.

history is bunk