Posted on 11/29/2012 5:18:13 AM PST by No One Special
The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic
Yes it is and 99% of the people on this site don’t have a clue...
>>Luckily student debt is dischargeable in bankruptcy. Oh wait. It isn’t.
The country is making our young indentured servants to the government to feed the academia constituency. Terrible policy.
As ye sow, so ye shall reap.
Yes, Obama will control your health care and is your creditor in possession for young Americans. This effectively makes the citizenry indentured servants and forever beholden to their masters.
The beauty of that is, they only own the 10% of your disposable income part of your soul and only for 20 years. After that, all is forgiven...
I believe the forgiveness of student loans was contingent upon them “serving” in a government job for a specified period of time, and it was more than the 4 yrs required by a military scholarship.
It's criminal what is being done to those young and trusting Americans, a now lost generation that has been tricked into financing their own brainwashing and the salaries of those who will forever more hold their politically correct leashes.
Corralled, roped and tied and soon to be pulling their progressive yokes on the road to utopia.
Why be free when you can have free stuff instead?
and don’t forget legal weed !
lol
Why did we ever allow young people to vote?
250 years ago European immigrants like my ancestors indentured themselves to come here. It took some 7 years or more to work off their passage and living costs
the future generation, educated into poverty by a govt debt-subsidized lifestyle, is being indentured by the federal govt to be able to live here
Why did we ever allow ANYONE to vote? People cannot be trusted with such a heady responsibility.
Rick Perry is working on a $10,000 college degree program (not for all degrees, but it’s a start). I have suggested to more than one young person that they take all they can at a community college first, then transfer to a regular college for the last year or two - saves a lot of money. In our area, college and community college partnerships are really good and credits transfer easily. Some kids should not go to college and go to a ‘trade school’ ... frankly, if things continue to collapse, being able to do something with your hands (fix things, make things) is going to be worth more than a college degree, from both a survival standpoint and a barter advantage.
The borrower will be slave unto the lender...............Proverbs 22:7
Agree with all of that.
We were with a group at dinner the other night discussing college tuitions. It is pretty eye-opening to look at what we paid 35 years ago vs. what we are paying for our kids today.
When a con man is found out and arrested, he is usually required to pay back the money he stole. If the American universities are conning people by claiming that they provide any value for the tuition they receive, then they should be required to pay back to the students a portion of the money they received. Why knowingly send your children off to be taken by con men for four years?
“Luckily student debt is dischargeable in bankruptcy. Oh wait. It isnt.”
Which is probably why the government took student loans away from commercial banks. Looks like a good way to either buy votes by forgiving debt or establishing a new cash flow stream via a payroll deduction plan. If debt is forgiven, I think all past students who paid off their loans and all parents who footed the bill for college educations should demand reparations. Sooner or later this false image of a college education as a job requirement and the granting of “useless” degrees is going to stop and colleges will have to face reality.
>>Sooner or later this false image of a college education as a job requirement and the granting of useless degrees is going to stop and colleges will have to face reality.
That is the real issue right there.
Of course you can’t give employment tests any more if the results are discriminatory by race, forget that blacks as a group don’t achieve academically anywhere near as well as whites do. So HR and hiring managers continue to use the college diploma as a filter.
They're getting their prerequisites out of the way, and saving tens of thousands of dollars in the process.
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