Posted on 06/26/2017 8:16:08 PM PDT by GuavaCheesePuff
The nation owes about $1.5 trillion in student loans today. Nearly $1 trillion of this was added during the last president’s term. Student loan debt has skyrocketed past credit card debt, and all other revolving consumer debt combined. By the end of next year, the country will pass the $2 trillion mark.
This debt is strapped to 44 million people in the country, who carry an average debt of $34,000. Interest alone on this amount is about $90 billion per year. In President Trump’s joint session address last night, however, he said absolutely nothing about the student loan problem.
(Excerpt) Read more at thehill.com ...
Pay your Loans
“The nation owes...”
WHAT?
I owe nothing.
These academics love to preach income equality. OK, raid the endowment funds and forgive these loans one school at a time. Done.
“The nation owes about $1.5 trillion in student loans today. Nearly $1 trillion of this was added during the last president’s term.”
No kidding.
L
This is how it works. Run up an insane amount of debt then use your voter clout, and expect someone else to bail you out.
Illinois, Puerto Rico, California, anyone?
“The nation owes about $1.5 trillion in student loans today.”
I thought the borrowers owed the money.
I give a flip....
And this “crisis” just happened when Trump became president? Along with the hungry and the homeless, all these individuals suddenly experience a crisis as soon as a republican is elected.
Alan Collinge the author of this “opinion” piece is the founder of StudentLoanJustice.org and author of “The Student Loan Scam......
Any more I am careful to read who authors are, if it’s simply an opinion or actual news...and what does the author stand to gain by their written piece.
Bad taste right away when he wrote....that Trumps silence is deafening on student loans........done to gain attention of something the author stands to gain from.....would certainly increase the sales of his books.
Most kids who are going to college should never have been given a high school diploma. Then they chalk up $200,000 in student debt to become Starbucks baristas.
Author just wants to see more of his books sell by bringing attention to this.
They wanted a free ride with Uncle Bernie.
Not since Obama nationalized the student loan program.
Are they defaulting?
You know how to keep them from defaulting? Get the economy running on all cylinders. Then they can afford to pay them off.
I paid mine. They can pay theirs. Wife and I have a top credit rating. That’s the way it works.
Debt is slavery. Learn it.
The date on this needs to be changed...The article date is 3/1/17.
I guess somebody shouldn’t have borrowed 120K to get a degree in Gender Studies.
This is new. And it's not the problem of PRESIDENT Trump or the U.S. taxpayers. This is the snowflakes' gig.
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