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OneTenthofOnePercent

(6,268 posts)

8. When you offer large loans to young people with little income or assets...

Reply to Fire Walk With Me (Original post)

Tue Apr 24, 2012, 12:46 AM

Apr 2012

their collective debt will syrocket. I mean really... is this so surprising? What did people think was going to happen when every kid wanting $50k without a real job or assets/equity gets it and a recession comes along?

The only reason the student loan debt is so large because more money is available for student loans than ever before.

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On April 25th the total amount of student loan debt in the U.S. is due to top 1 trillion dollars [View all] Fire Walk With Me Apr 2012 OP

Sorry, responsible Democrats don't really care about stuff like this MannyGoldstein Apr 2012 #1

President Obama's fighting to prevent student loan interest rates from doubling joshcryer Apr 2012 #2

How about fighting for inexpensive college education MannyGoldstein Apr 2012 #6

As senator, Obama missed votes on student loan bill he now wants to extend joshcryer Apr 2012 #11

That's outrageous. All student debt should be forgiven. sabrina 1 Apr 2012 #3

No thank you. I borrowed the money from the tax payers. I'd prefer to pay it back. phleshdef Apr 2012 #7

The student loan bubble is going to make the housing bubble look like nothing. joshcryer Apr 2012 #4

+1000. white_wolf Apr 2012 #5

Why is it so expensive? dkf Apr 2012 #9

The privitization of schooling, institutionalized education is a business. joshcryer Apr 2012 #10

When you offer large loans to young people with little income or assets... OneTenthofOnePercent Apr 2012 #8

The problem is that the system is set up to make the rich richer and poor poorer. joshcryer Apr 2012 #12

by design. rentier economy. keep the income streams flowing to the rentiers until they've HiPointDem Apr 2012 #13

I can't even get scared or stressed out about my loans... a la izquierda Apr 2012 #14