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1 posted on 11/19/2015 3:20:45 PM PST by markomalley
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To: markomalley

This is easier to resolve than people think.

Step 1: allow students to declare bankruptcy on their loans after a period of time if they don’t have employment capable of repaying those loans.

Step 2: claw the money back from the colleges and universities who used those students as conduits for loan money without educating them well enough to obtain loan-paying jobs.

Stick it to the overwhelmingly-liberal educational-industrial complex. They deserve it.

Another scary thing rarely mentioned is the existence of SLABS (student loan asset-backed securities), which risk a replay of the mortgage securitization mess of the previous decade. Those instruments really never should have been permitted, but, it’s too late now.


2 posted on 11/19/2015 3:27:41 PM PST by seacapn
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To: markomalley

We need more free stuff!


3 posted on 11/19/2015 3:32:42 PM PST by kaehurowing
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To: markomalley

All according to plan.


4 posted on 11/19/2015 3:47:27 PM PST by Hoodat (Article 4, Section 4)
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To: markomalley

I don’t owe a thing.


5 posted on 11/19/2015 3:57:57 PM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
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To: markomalley

The real number is at least twice that. Don’t ask me how I know but I do:)


8 posted on 11/19/2015 4:22:42 PM PST by isthisnickcool (Say what you will about The Donald, but he has all the right enemies.)
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To: markomalley
I hope to have gone fully Galt by the time this next bubble explodes and the U.S. taxpayer is on the hook with a bill for all these little shithead Social Justice Warriors to attend college and propel them towards positions in the self-felating government/healthcare/academia industries.

Pay off your f***ing debt by picking fruit for the rest of your worthless lives, or pimp yourselves out on some sugar daddy website, because I absolutely refuse to pay for your lifestyle when as a young man I beat my brains out, pounding railroad spikes by hand on the track gang, and shovelling coal into a steam locomotive's firebox all day in the 103° August heat... just so I could put MYSELF through engineering school.

</rant>

9 posted on 11/19/2015 5:08:47 PM PST by Rodamala
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To: markomalley

And all Hillary has to do is utter the word “forgiveness” to ensure her electoral victory and a massive new wave of government employees.


12 posted on 11/19/2015 7:08:20 PM PST by Organic Panic
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