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The Scariest Chart of the Quarter: Student Debt Bubble Pops as 90+ Day Delinquency Rate is Parabolic
ZeroHedge ^ | November 27, 2012 | Tyler Durden

Posted on 11/29/2012 5:18:13 AM PST by No One Special

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To: FreedomPoster
The country is making our young indentured servants to the government to feed the academia constituency. Terrible policy.

Brings to mind a scene from the film "Brazil" where the jackbooted government thug is interrogating the hero.

"Don't fight it son. Confess quickly! If you hold out too long you could jeopardize your credit rating."

21 posted on 11/29/2012 8:59:34 AM PST by pepsi_junkie (Who is John Galt?)
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To: MissMagnolia
Taking classes at a community college, while cheaper, don't pay off very well.

I took some over my summer breaks, and it was brought up in many interviews. View is that if you are not ready for “real” college, you are not going to be a serious candidate.

Depends on the degree, but the diploma is not a statement of knowledge, but a brand. People will select the better brands.

22 posted on 11/29/2012 9:01:59 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: FreedomPoster

I know people with kids, who have been LIVING on student loan money for the last several years. I imagine there are several million more just like them, only carrying enough classes to keep getting the loans.

I can only imagine what happens when they realize that Santa Government wants it’s money back, regardless.


23 posted on 11/29/2012 9:18:01 AM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: Truth29

And, every four years, from now on, they can go to the campuses and say “If you vote Democrat, we might pay off your student loans for you!”


24 posted on 11/29/2012 9:19:23 AM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: FreedomPoster

My tuition at an “expensive” private college in the mid-80’s was around $350 a credit hour.

This year, at Purdue, a state-supported school, it’s $750 for general classes, $1,200 AND UP, plus fees, for “technical” classes.


25 posted on 11/29/2012 9:25:09 AM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: MissMagnolia

don’t = doesn’t

There are times I really hate the auto complete function on my phone.


26 posted on 11/29/2012 10:46:00 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum
Taking classes at a community college, while cheaper, don't pay off very well.

Depends on the CC, and the courses you take.

Everything I took was directly transferrable at full credit for my engineering degree. Back then (1970s) the prices were different, but not like today.

What WAS different was the quality of instruction. My calculus classes were taught by a guy who drew in multiple colors graphs of differentiation, integration and analytical geometry from a book that was very readable and understandable.

My poor buddy who went directly to the four year school was taught by a Chinese TA who wrote on the board simultaneously with both hands, and whose book was gobbledygook.

Guess who's much better at calculus still ?

27 posted on 11/29/2012 1:13:34 PM PST by jimt (Fear is the darkroom where negatives are developed.)
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To: jimt
I actually had a very similar experience in the late 90’s. I took calculus at a local community college. The teachers was a lot better.

But having that on my transcript came back to bite me a few times. Employers and recently grad schools ask why I took the classes at a community college, and one stated that is a “worrisome” thing.

28 posted on 11/29/2012 1:32:06 PM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

The actual diploma comes from a four-year/”real” college ... most employers don’t look beyond that. My cousin went to two or three years of CC and then went to the ‘big/real’ college the last two years - saved a ton of money and I don’t think his diploma from the big college has ever been questioned. Bottom line, you can save a ton of money doing this, especially with ‘prerequisite’ classes.


29 posted on 11/29/2012 2:57:37 PM PST by MissMagnolia ("It is when a people forget God that tyrants forge their chains" - Patrick Henry)
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To: Lazamataz

“Why did we ever allow ANYONE to vote? People cannot be trusted with such a heady responsibility.”

-—<>-—<>-—<>-—<>-—<>-—

More and more I get to believe that thoughts on this subject expresse in Heinlein’s “Starship Troopers” have great merit: military service is required to be a voter, aka “a citizen”. There may be other routes to be a citizen, but that is a primary one.


30 posted on 12/01/2012 3:47:14 AM PST by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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