Student Loans: The Next Bailout?

cnbc.com ^ | April 26 2012 | By: Kelly Evans

[NoLibZone]

Here’s what we do know about student loan debt: it’s roughly $1 trillion in size, greater than either auto or credit-card debt and second only to mortgage debt in the U.S

Borrowers in their 30s today owe $28,500, on average. The debt burden has soared just as — and partly because — the recession hit, so younger graduates carrying the highest balances are hit with the double whammy of a weak job market (that still isn’t showing any sign of rapid improvement).

[RexBeach]

Sure, why not? After all, it’s only paper, until you spend it.

[NoLibZone]

He needs to add a debt bailout for any laptops purchased for school.

Maybe a Fed issued free Apple Gits card!

[cuban leaf]

It really does look like the next bubble to pop will be higher education.

[Sacajaweau]

Let's see....how many votes would that be??

Here's the problem....I don't think it will happen because the loans bring in bucks...in fact it's about the only thing that pays interest to the government.

[FedsRStealingOurCountryFromUs]

BUYING VOTES!
WITH TAXPAYER'S MONEY.

[Buckeye McFrog]

If he does it he’ll be buying loyal Democrat votes for as far as the eye can see.

I can picture so many middle-class families drooling right now over what they can do with that money that is not going out in student loan payments every month.

Don’t underestimate this. Politically it is very, very dangerous.

[stpio]

This is what I don’t understand, why are the Republicans
for increasing, doubling the interest rate on student loans?

Simply to oppose the Democrats?

[Netizen]

This pisses this middle class parent off. First we scrimped and paid off our mortgage, then we scrimped and sent out kid to college, no loans, and now after bailing our irresponsible people that bought homes above their means they are now talking about bailing out student loans. What’s the point of teaching kids to live within their means if the government not only doesn’t, but rewards those that don’t!