[Mastador1]

What is the historical percentage of defaulters or non payers? I swear I have seen reports of a high percentage of non payers for decades, and why continue to blame Bush, who has been out of office for over seven years, it's Lord Foul's economy that is making it nigh impossible for many to make payments on their loans.

My son has a big loan to pay off, and while there were periods of low or no income he always communicated with the lender and always set up a payment plan within his budget when he got employment.

[dhs12345]

The root of the problem is that college is getting way too expensive. And the question: why?

A way to put it in perspective — how much is a typical home mortgage ~ $300K. Tuition/Room and Board can be this high for a private school. Less if you shop around and even less if you go to a community college. Still, it can be close to $100K for a typical college.

Anyway, a #300K home mortgage usually takes 30 years to pay off!

Thirty years!!

That means that your typical student will still be paying the loan when they are in their 50s. And forget about getting a home loan with this kind of debt.