I hate these headlines.
The housing bubble burst when housing prices went DOWN.
Wake me up when the price of college tuition goes down. Hasn’t happened yet.
I’m expecting Barry Benghazi and his ‘RATS to come up with their “You Can’t Get Blood Out Of A Turnip” bill for the “college-educated” turnips. They can’t or won’t get a job to pay off their college loans so Barry has to come up with a freebie for them.
Wonder if companies will avoid hiring graduates with large student debts? Many companies look at credit scores today as a hiring criteria.
It is heartbreaking. My brother and my sons are in this boat, I have a part time contract job with no benefits, but at least it is in my field.
They quit paying on their student loans because they hoped their Secular Savior would forgive their debt. They are in worse shape now than they were before the election.
Now that Pell grants will be limited to force them to finish college instead of being perpetual students, they are in no better shape than the elderly students rioting in Greece because the government teat has run dry.
Legislation and taxpayers money can solve this problem. - tom
The Jon Stewart Generation—time to kick them out of the basement, mom—after all, this is the world they voted for.
“So young, so ill-educated so lied to, so hopelessly stuck in mom’s basement. Wow all of this and not even 25 years old!”
Glad to see posters on FR don’t stereotype! Seriously, has it occured to anyone that maybe the economic system itself is dying of its own internal contradictions. I know that’s heresy to some folks, but, the truth will set ya free.
My ex-DIL just keeps going back to college on the government’s dime to defer her loans. She enrolls and goes through until you meet that time limit and then she drops out again. It would probably be cheaper for them to forgive her loans.
“Probably very few of Obama’s college children, who have outstanding school loans, understand that they can NEVER walk away from their debt because it is NOT dischargeable in a bankruptcy, but they will soon find out.”
Sadly I see many students who have worked hard to get college degrees that do matter such as in engineering or health sciences also getting hit by Obama’s failed policies when they too cannot find jobs. The college grads with their degrees in peace studies, feminist theory and racial studies would be stuck making lattes at the local Starbucks regardless of the economy.
“So young, so ill-educated so lied to, so hopelessly stuck in mom’s basement. Wow all of this and not even 25 years old!”
Maybe they’ll learn to be “underground entrepreneurs”? Why work on-the-books and suffer wage garnishment, when they can start businesses that “make no money” and get paid under the table?
That’s probably the best solution for these folks, short of playing Powerball with money they steal out of their mom’s purse.
These morons are pretty much expecting the dims to forgive the debt anyway. So it doesn’t matter.
No big deal.
They still get their free birth control.
Most of them voted straight Dim tickets...Not all bad deeds go unpunished....
My daughter who is now 27 went to a 2 year dental hygiene program rather than a 4 year university. Her loans were minimal and she paid them off the first year.
She works for 6 figures in Chicago and has her own place and money in the bank. It makes her crazy these kids think their loans should be forgiven. She worked to get out of debt.
I believe these kids simply need to be smart when they decide on a major. Her 2 year degree makes a lot more money than a 4 year women’s studies degree.