When you gaze over at the amount of student debt that the government is accumulating.....you can only imagine a day....maybe four years....maybe eight years...down the path, where they promise to forgive the remainder after probably fifteen years of payments. You could be talking about $20k....maybe even as much as $60k. If you knew how this was going to go...borrow the maximum amount....pay as little as possible over the next decade. Don’t worry because someone will forgive that vast amount of money.
Economic failure has a certain smell, and you really can smell it right now.
Sounds like the plans Obama has been pushing for housing. Loan reduction.