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truth2power

(8,219 posts)

26. Thanks fasttense. Yes, it's starting all over again...blame the victim...

Tue Apr 3, 2012, 09:51 AM

Apr 2012

The OP says these student loans "are increasingly hard to pay off". No, they're IMPOSSIBLE to pay off unless one wins the lottery. It's obscene to graduate from college with so much debt.

When I went to college back in the 60's and 70's you could just about pay for college out of pocket. In the ensuing years, tuition has risen way out of proportion to the rate of inflation.

Just like the housing bubble, I think if one looks closely one would find the same banksters/grifters profiting from student loan debt by creating synthetic collateralized debt obligations where neither party has a material interest in the thing being insured. It's fantasy finance just like the derivative market in housing debt.

The same criminals who perpetrated the foreclosure crisis are responsible for driving up the cost of college tuition, IMO. And neither Congress nor AG Holder & Co. are willing to do anything about it.

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Recovery threatened by runaway student loan debt [View all] dipsydoodle Apr 2012 OP

another result NJCher Apr 2012 #1

This message was self-deleted by its author xzwq Apr 2012 #13

A big part of this is "predatory institutions" ... SomeGuyInEagan Apr 2012 #36

This whole economic mess is the fault of students and their... Gibby Apr 2012 #2

Nothing wrong with education--that's not the point of the article Orrex Apr 2012 #4

Well said... BB_Troll Apr 2012 #7

Which ones are those? lunatica Apr 2012 #9

I don't think that was the intent of the post Orrex Apr 2012 #24

Some bachelors degrees are worth more than others on the day after graduation. BB_Troll Apr 2012 #28

"Degrees in most humanities do not pay for themselves." Nihil Apr 2012 #58

"This is necessary in order to balance out... " BB_Troll Apr 2012 #59

Not inescapable SATIRical Apr 2012 #34

Commendable, but not really relevant Orrex Apr 2012 #39

It's not rare SATIRical Apr 2012 #41

Yes, deceived. In some cases, at least. SomeGuyInEagan Apr 2012 #44

Spoken like someone who hasn't had to deal with student loans in any real way Orrex Apr 2012 #45

So an 18-year-old doesn't understand how much $50,000 is? SATIRical Apr 2012 #46

Right, and your situation defines everyone else's Orrex Apr 2012 #47

OK, since you want to make it all about you SATIRical Apr 2012 #49

I'm not making it "all about me" Orrex Apr 2012 #51

If reading the loan document and terms is atypical SATIRical Apr 2012 #52

You can stuff your assumptions up your self-righteousness Orrex Apr 2012 #53

"adults have to take responsibility for their decisions" limpyhobbler Apr 2012 #56

Why do are student loans permitted to accrue interest? Orrex Apr 2012 #3

That's a good question. sybylla Apr 2012 #32

People often ask me why I hesitate davidthegnome Apr 2012 #5

This message was self-deleted by its author xzwq Apr 2012 #14

I'm glad I didn't hesitate to go. JoePhilly Apr 2012 #15

This message was self-deleted by its author xzwq Apr 2012 #18

Pay as you go. laundry_queen Apr 2012 #30

That is what I'm doing. Odin2005 Apr 2012 #37

Yep, that's smart (nt) SATIRical Apr 2012 #42

Du rec. Nt xchrom Apr 2012 #6

I don't understand this part Owlet Apr 2012 #8

If the debt to the student is discharged dipsydoodle Apr 2012 #10

Just because the debt is non-dischargeable, it doesn't mean you can pay. Yo_Mama Apr 2012 #23

Short answer - taxpayer is guaranteeing the debts Yo_Mama Apr 2012 #25

I have had clients on Social Security Disability, subject to Student loans collections happyslug Apr 2012 #31

I am starting to have doubts that you went to "collage". nt Snake Alchemist Apr 2012 #33

Collage?College?It is a sign of a lack of education if you can only spell a word one way, S. Johnson happyslug Apr 2012 #40

Clever! NJCher Apr 2012 #55

I have to watch Does not and Trail/Trial happyslug Apr 2012 #60

This message was self-deleted by its author xzwq Apr 2012 #11

Tom Raum is little more than a Republican mouthpiece shawn703 Apr 2012 #12

Republicans talk down a college education so that their base ... JoePhilly Apr 2012 #17

This message was self-deleted by its author xzwq Apr 2012 #21

Oh, but bailing out wall street was just pocket change. Quantess Apr 2012 #16

this part *really* pisses me off magical thyme Apr 2012 #19

I don't blame you for being p.o. What were you trained for? PM me if you want. nt raccoon Apr 2012 #22

This isn't the student's fault anymore than it was the homeowners fault during the last crash. fasttense Apr 2012 #20

Thanks fasttense. Yes, it's starting all over again...blame the victim... truth2power Apr 2012 #26

And the government just out-sourced the enlightenment Apr 2012 #27

The very first sentence is a lie. It was never a good idea, it was a sop Egalitarian Thug Apr 2012 #29

"Nothing screws up a common good as well as turning it into a profit center." Damn! SomeGuyInEagan Apr 2012 #35

By all means, We should burn that into the brains of every single person on earth. n/t Egalitarian Thug Apr 2012 #43

The end of the "Reagan Revolution" begins here. hunter Apr 2012 #38

Free. the. students!! Declare a jubilee for student debt. patrice Apr 2012 #48

That would include me... and-justice-for-all Apr 2012 #50

They will take your student loan out of your Social Security. That is not a joke. Manifestor_of_Light Apr 2012 #54

I wish somebody could turn student loan forgiveness into a political issue. limpyhobbler Apr 2012 #57