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Yo_Mama

(8,303 posts)

7. When student debt became "public", I think your chance of having that happen became nil

Reply to mike_c (Reply #6)

Thu Mar 27, 2014, 11:17 AM

Mar 2014

In 2010 the government took over the student loan business, and now most of that trillion is owed to the taxpayers. Who is going to vote for forgiveness, when that means we all have to shoulder the debt.

I've been brooding about this since it happened!

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$1 trillion student loan debt widens US wealth gap [View all] DonViejo Mar 2014 OP

I'm so glad PasadenaTrudy Mar 2014 #1

Good for you. Lars28 Mar 2014 #5

No offense, but that sounds pretty self-centered. Psephos Mar 2014 #11

I know PasadenaTrudy Mar 2014 #13

:) Psephos Mar 2014 #15

Education Should be Free liberalmike27 Mar 2014 #2

I agree - but until young people start voting adigal Mar 2014 #24

It would be nice to be able to deduct the interest from student loans taught_me_patience Mar 2014 #3

You can... cyberswede Mar 2014 #4

Above poster is correct. CFLDem Mar 2014 #19

I'm nearly 60 and have never owned a home... mike_c Mar 2014 #6

When student debt became "public", I think your chance of having that happen became nil Yo_Mama Mar 2014 #7

fortunately handmade34 Mar 2014 #26

Higher education was once a pathway to a good-paying job. KansDem Mar 2014 #8

Banks get a .25% or free Government loan and in turn charge 5-9% on the same money. WTF? nt adirondacker Mar 2014 #9

WTF Exactly. CFLDem Mar 2014 #18

when you take out loans you have to pay them back. is this a new concept? nt msongs Mar 2014 #10

The problem is that they hand out huge loans without qualification to kids. Psephos Mar 2014 #12

Yup CFLDem Mar 2014 #20

Not if you're Abraham Lincoln or Henry Ford, you don't. closeupready Mar 2014 #23

different... handmade34 Mar 2014 #27

Only 8 more years of 475 bucks a month... ileus Mar 2014 #14

We have about 12 years to go on one daughter's private student loan LiberalEsto Mar 2014 #16

There can be even worse outcomes nitpicker Mar 2014 #28

OMG that's awful LiberalEsto Mar 2014 #29

Hmmmm. If we gave 16 trillion to the banks, we can write off this too. grahamhgreen Mar 2014 #17

You would think. CFLDem Mar 2014 #21

And to boot Morganfleeman Mar 2014 #22

I was thinking about this issue the other day NobodyHere Mar 2014 #25

All those student debtors...... DeSwiss Mar 2014 #30