half of outstanding student loan isnt being repaid. 7 million in default

[jtuck004]

15. Isn't the first reuirement of an "income-based repayment plans", uh, income? And with half of them

not getting jobs, and more 20 year-olds living at home with their parents than at any time in the past several decades, many barely makgin minimum wage, if that, where is the money supposed to come from?

Yet we keep signing them up for debt, and more debt, and more debt, as if the economy is going to turn around any day now, like we are just one more rousing speech away from that golden staircase upwards.

Just a note - a large proportion of student loans go to places like Harry's Barber College, ITT Tech, Harry's Welding school, Harry's Medical Assistant School Where We Charge You $6000 in Tuition for a Several Week Course so you can get a Job at a Nursing Home Professional College...

Actually, if we weren't being so generous with those we could simply provide free tuition at state universities for thousands of students, and just start teaching all that crap at a junior college for a lot less money. Wonder if we hold up the people that run some of those places as traitors and offer them free passage to an airport lounge outside of this country?

My point is that there is not a snowball's chance in Fukushima that much of that money is going to be paid back this side of their getting Social Security, and the total is going to be so large by then it will just seem silly. And they will never, ever be able to build up the wealth that would pay for our country to run, which is necessary unless we restructure the country.