Posted on 08/22/2015 7:09:57 PM PDT by SeekAndFind
Nearly 7 million Americans have gone at least a year without making a payment on their federal student loans, a high level of default that suggests a widening swath of households are unable or unwilling to pay back their school debt.
As of July, 6.9 million Americans with student loans hadn’t sent a payment to the government in at least 60 days, quarterly data from the Education Department shows.
(Excerpt) Read more at wsj.com ...
people with worthless degrees in idiotic areas of study are not going to have or get good jobs, trump or not.
I don’t disagree with either of those.
But my point still stands.
Have a good evening.
L
You got it. Tuition went up when government funding got involved.
This school loan thing is nothing but a front for shoring up colleges (that use the extra money for new stadiums and gender-neutral dorms). They give the students the money, who give the money to the college, who has increased their tuition cost to drive the loan need. Then the gov forgives the loans. If they were honest they would just write the schools a check and have Boehner and McConnel sign it. (Yes, I had a student loan...and I was poor...and I paid off every damned dime!)
The insidious one is that if you work for the government at almost any level for ten years, you’re eligible for student debt forgiveness.
The borrower becomes slave to the lender.
Go into hardship deferral or take a few more classes, so you don’t make payments but the balance continues to grow. And you just hope that there is either a blanket forgiveness or you find a job that lets you pay it.
Much of my time is spent in the proximity of college students though I’m not one myself. Alcohol abuse is epidemic, as is promiscuity. Unless one’s career plans require a degree, college is to be avoided for those two factors, and it’s foolish to go into debt for it besides.
Watters’ World is an accurate depiction. The typical student is virtually illiterate, knows nearly nothing of history or practical math or the classics or proper English or how to reason, and college isn’t teaching him. He isn’t intellectually qualified to take on a loan. Or to vote.
Hope this doesn’t offend any freeper parents too much. Every day I’m asked why I’m not in college, so I understand how offensive the answer can be.
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