Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Demovictory9

Demovictory9's Journal
Demovictory9's Journal
January 19, 2020

hardly anyone is paying down their student loans

Student debt is over $1.6 trillion and hardly anyone is paying down their loans
PUBLISHED THU, JAN 1

https://www.cnbc.com/2020/01/16/student-loan-debt-is-over-1point6-trillion-and-balances-arent-going-down.html


-------------

Since the explosion of student debt following the Great Recession, annual repayment rates, or the amount of existing balances lowered, have been just 3%, Moody’s said. Just 51% of borrowers who took out loans from 2010-12 have made any progress at all in paying down their debt.

“While in the past, higher enrollment and rising tuition were the main drivers of growing student loan balances, more recently, slow repayments have become the primary driver,” Jody Shenn, senior analyst at Moody’s, and others said in the report. “Over the next few years, the combination of slow repayments and elevated, if no longer growing, levels of new borrowing will likely fuel further increases in outstanding debt.”

High default rate
There are multiple reasons why the debt levels are not going down.

One is that many borrowers are taking advantage of repayment plans based on borrowers’ incomes, along with some opting for longer repayment options.

Presidential candidates, particularly on the Democratic side, have made reducing or eliminating student debt cornerstones of their campaigns. Moody’s said those kinds of proposals “would stimulate the US economy but have negative effects for some financial institutions.”

In the meantime, the burden of student loans continues to be felt with an 11% default rate that is the highest of any debt category. Education also is now second only to mortgages as the highest form of debt for all Americans.

“Increased reliance on student debt crowds out an individual’s access to other forms of household credit, which likely delays business formation and homeownership, important drivers of economic growth and wealth creation,” Shenn wrote.

January 19, 2020

Capt Sully slams Lara Trump for mocking Biden's stutter

https://www.dailymail.co.uk/news/article-7905295/Capt-Sully-slams-Lara-Trump-mocking-Joe-Bidens-stutter-campaign-event.html


'A speech disorder is a lot easier to treat than a character defect': Capt Sully slams Lara Trump for mocking Joe Biden's stutter during a campaign event

Capt Chesley 'Sully' Sullenberger pilloried Lara Trump in a New York Times op-ed on Sunday after the president's daughter-in-law mocked Joe Biden
The famed pilot who landed a plane on the Hudson River in 2009 opened up about his own struggle with a speech impediment
He said his feelings of 'intense and painful humiliation' 'came rushing back' when he heard Lara Trump's critical comments about Biden
'Joe, can you get it out? Let's get the words out, Joe,' she said at a Women for Trump event in Iowa on Thursday
A Trump spokesperson insisted she was not mocking Biden's stutter

January 19, 2020

'Why Are They Doing This to Me?' Trump Asks Friends at Mar-a-Lago, "can't understand why" impeachme

https://www.rollingstone.com/politics/politics-news/trump-why-are-they-doing-this-to-me-impeachment-940011/#utm_medium=social&utm_source=twitter&utm_campaign=social_bar&utm_content=bottom_amp&utm_id=940011

‘Why Are They Doing This to Me?’ Trump Asks Friends at Mar-a-Lago, While Legal Team Officially Denies Impeachment Charges
The president said he “can’t understand why” he is impeached
January 18, 2020

"one minute to live, sir", Trump shared details of Soleimani assassination at Mar-a-lago fundraiser

https://www.rawstory.com/2020/01/one-minute-to-live-sir-trump-shared-details-of-soleimani-assassination-with-wealthy-donors-at-mar-a-lago-fundraiser/#.XiNa2lzXWF0.twitter

“‘Sir, they have two minutes and 11 seconds.’ No emotion. ‘two minutes and 11 seconds to live, sir. They’re in the car, they’re in an armored vehicle. Sir, they have approximately one minute to live, sir. 30 seconds. 10, 9, 8 …’ Then all of a sudden, boom,” Trump told the group of donors, according to audio recordings the Post received.
January 18, 2020

TSA apologizes.. agent pulled Native American woman's braids and said "giddyup"

TSA issues apology to Native American woman who had braids pulled by agent
Tara Houska ‘humiliated’ by TSA agent who ‘snapped my braids like reins’ during screening at Minneapolis-St Paul airport

https://www.theguardian.com/us-news/2020/jan/18/tsa-native-american-woman-braids-airport

?width=620&quality=85&auto=format&fit=max&s=f7aecf1bdd0317fe1c33aad4ce26581e

The federal Transportation Security Administration has apologized to a Native American woman who said an agent at Minneapolis-St Paul international airport “pulled her braids” and said “giddy up!” when she took a flight from there this week.

“The agent said she needed to pat down my braids,” tweeted Tara Houska, an indigenous rights advocate and attorney. “She pulled them behind my shoulders, laughed and said ‘giddyup!’ as she snapped my braids like reins. My hair is part of my spirit. I am a Native woman. I am angry, humiliated. Your ‘fun’ hurt.”

Houska, who is Ojibwe, added: “When I informed the middle-aged blonde woman who had casually used her authority to dehumanize and disrespect me, she said, ‘Well it was just in fun, I’m sorry. Your hair is lovely.’

“That is NOT an apology and it is NOT OK.”

Profile Information

Gender: Female
Hometown: California
Member since: Tue Feb 27, 2018, 10:32 PM
Number of posts: 32,454
Latest Discussions»Demovictory9's Journal