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To: Oldeconomybuyer
Student loan debt: The next financial disaster?

This has been going on for some time now, yet largely ignored. The sad part is that most of those with student debt would pay it off if they could, but they graduate from over-priced colleges and in the 0bama Depression can't find jobs, or have to settle for much lower paying jobs.

3 posted on 02/09/2012 12:37:36 PM PST by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: The Sons of Liberty

Those same kids could still take those lower paying jobs, live at home for a couple of years and throw everything they make into their debt and be relatively debt free in a couple of years.

Even a 9 buck an hour job, they can pay off about 25 grand in those couple of years.

Yeah, no car and no life, but so what?


16 posted on 02/09/2012 12:56:55 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: The Sons of Liberty

“The sad part is that most of those with student debt would pay it off if they could, but they graduate from over-priced colleges and in the 0bama Depression can’t find jobs, or have to settle for much lower paying jobs.”

I think many can’t even get low-paying jobs; in my area they seem to be set aside for non-English speakers or young whites with facial piercing and tattoos who probably don’t cost much.


40 posted on 02/09/2012 2:46:00 PM PST by kearnyirish2
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