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Students Pay SLM 9.25% on Exploitative Loans for College (Bloomberg Link Only)
Bloomberg Link Only ^ | June 5, 2012 | Janet Lorin

Posted on 06/05/2012 8:02:30 AM PDT by C19fan

http://www.bloomberg.com/news/2012-06-05/students-pay-slm-9-25-on-exploitive-loans-for-college.html

(Excerpt) Read more at bloomberg.com ...


TOPICS: Business/Economy; Society
KEYWORDS: debt; student
I need to take my hanky out because I feel so sorry for another loser.

1: Going almost $100 K in debt to be a "graphic designer".

2: I am sorry but attending some school for a degree in graphic design is not going to a real college. The market seems to think her degree is useless because she a hostess at a pizza parlor.

3: I am doing some home improvement work and I am being charged 12% interest. I understand because it is an unsecured loan and these students think they should get unsecured loans for the same rate as getting a 20% down mortgage.

Another loser is paying almost $40 K for a Art and Design school???

1 posted on 06/05/2012 8:02:44 AM PDT by C19fan
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Hyperlink

http://www.bloomberg.com/news/2012-06-05/students-pay-slm-9-25-on-exploitive-loans-for-college.html


2 posted on 06/05/2012 8:04:33 AM PDT by C19fan
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To: C19fan

Is the whiner’s name “Julia”, by any chance?


3 posted on 06/05/2012 8:05:55 AM PDT by kevkrom (Those in a rush to trample the Constitution seem to forget that it is the source of their authority.)
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To: C19fan

Boo hoo. Poor me. I thought that Phd in French Literature would be the key to wealth and success. Guess not. How do you say “Do want fries with that?” in French?


4 posted on 06/05/2012 8:09:03 AM PDT by shelterguy
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To: C19fan

WHAAAAAAAAAAAAAHHHHHH!!!!!


5 posted on 06/05/2012 8:16:15 AM PDT by yank in the UK ( A liberal mocking Christianity. I asked "why don't you mock Islam?" he replied "Muslims are violent)
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To: yank in the UK

On a side note taking in any of the Diamond Jubilee festivities?


6 posted on 06/05/2012 8:17:56 AM PDT by C19fan
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To: C19fan
liberal arts degree book cover Pictures, Images and Photos

Don't worry, you'll pay back that $250k in student loans in no time with a Masters in Eastern Political Thought.

7 posted on 06/05/2012 8:25:43 AM PDT by Snickering Hound
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To: C19fan
I'm trying really hard to figure out why I should care about these idiots' debt. I can't quite do it. If they're stupid enough to sign up for the debt, then they deserve to pay.

Graphic design? She should: Get a book on photoshop. Get another on graphic desigh. Read both. Then she'll probably learn as much as she did for the $100k.

8 posted on 06/05/2012 9:01:36 AM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: from occupied ga

-—Get a book on photoshop. Get another on graphic desigh. Read both. Then she’ll probably learn as much as she did for the $100k.——

As a graphic designer and illustrator, I can say that you are... correct.

The same principle holds true for most professions.


9 posted on 06/05/2012 9:08:21 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: C19fan

Part of a steady media drumbeat building to a crescendo sometime around September.

This will be built up into a “crisis” and then Obama will propose loan forgiveness in a second term. Mark my words.


10 posted on 06/05/2012 10:23:38 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

If his poll numbers continue to struggle he might make the announcement as an October surprise.


11 posted on 06/05/2012 10:26:15 AM PDT by C19fan
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