[SkyDancer]

Somehow people think a college education is a must. A gotta have it regardless of cost. Halfway through most find it difficult and switch majors three or four times to ease the burden and come out with a degree in 4th. Century Tibetan Poetry or something similar. Best thing is a two year community college AA and then go for what you really want. There’s lots of people out there with a Yale or Harvard degree in something flipping burgers.

[memyselfandi59]

2. As of the third quarter of this year, roughly 11% of student loans were seriously delinquent, surpassing credit cards for the first time. 3. Default rates are also rising with 9.1% of student borrowers defaulting within their first two years of repayment.

It hardly seems a crisis to me because if 11% are deliquent...that means 89% aren't. And if 9% default, that means 91% don't.

So what are they proposing to help the deadbeats who are deliquent, i.e. rewarding bad behavior. And those playing by the rules, making payments, or never taking loans in the first place will once again be the "patsies" for doing it the right way.

[memyselfandi59]

2. As of the third quarter of this year, roughly 11% of student loans were seriously delinquent, surpassing credit cards for the first time. 3. Default rates are also rising with 9.1% of student borrowers defaulting within their first two years of repayment.

It hardly seems a crisis to me because if 11% are deliquent...that means 89% aren't. And if 9% default, that means 91% don't.

So what are they proposing to help the deadbeats who are deliquent, i.e. rewarding bad behavior. And those playing by the rules, making payments, or never taking loans in the first place will once again be the "patsies" for doing it the right way.

[DannyTN]

The graph is deceptive because household income has fallen so much since 2007.

Get Americans back to work and this graph won’t look so bad. And you do that by stopping free trade with low wage and communist countries until our own employment has recovered.

[tumblindice]

So Barackaclaus may issue an edict allowing these poor kids to tear up their student loan promissory notes and then tell those of us who paid our loans off in full that our 401Ks and IRAs must be applied to the greater good?

No, something like that would not end well. Not well at all,
and I ain’t just a woofin’. There would be blood.

That reminds me: When did FR get so many sheep who say things like, “Ah, you would just roll-over and let them take your 1.) money, 2.) guns, 3. freedom, 4.) dignity.” ?

I have seen more and more of them lately sullying this site with their presence and simpering, craven comments on threads like this one and others on topics like guns and liberty.

[hattend]

Just one crisis after another.

Ben Ghahzi? Who’s he?

[lurk]

Our goal: get all kids through college or career training debt free. So far, so good. They work, save, and strategize.

[BitWielder1]

Making it easier to get a loan does not in any way make it easier to pay it off later.
Especially when you can't get a job.
Instead, the colleges shamefully raise the tuition costs now that money is easy to come by, but quality keeps getting worse.
Government so-called help is backfiring. Again.

[PGR88]

Student debt could be our new housing debacle.

I believe we are on the edge of a precipice. The Obama economy is running about as well as it can right now, and that’s not very good. The next shock is going to set off a downward spiral like you won’t believe.

If the deficit is $1.2 trillion now, what will it look like if GDP goes negative for 2 quarters and unemployment ticks up 1% or more? What will youth unemployment look like in that case? What will that then do to student loan debt defaults?

[huldah1776]

Student debt should also be considered along with graduation rate.

[Buckeye McFrog]

Setting the stage for Obama to ride in on a white horse and forgive them all. He’ll have the current thirty-and-under crowd voting Democrat forever.