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2012-11-28 Home Front: Culture Wars

Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic

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Posted by tipper 2012-11-28 02:25|| E-Mail|| Front Page|| [336063 views ] Top

#1 But Obama will waive the repayment by asking the rich to pay a fair share.

Sounds so simple, does it not?

Posted by Bobby 2012-11-28 06:25|| 2012-11-28 06:25|| Front Page Top

#2 There is also the....working your way through school.

Posted by Besoeker 2012-11-28 08:34|| 2012-11-28 08:34|| Front Page Top

#3 It's a crushing debt, and a "take it or leave it" attitude from the schools nowadays. If you are going to major in something you can make a living at after you graduate (Civil Engineering), you aren't going to be doing a lot of working while taking 18-20 credit hours of calculus and structural analysis classes a semester. Unless you come from a family of means, you will leave with debt, so make sure you have a degree that is worth something.

Posted by bigjim-CA 2012-11-28 08:57|| 2012-11-28 08:57|| Front Page Top

#4 Oh gee... look at that. Something so many "right wing" people have been predicting for so long.

I'm not worried though. The light worker will make it all go away and we'll still get our free cell phones and gas.

Yay collectivism! We are the 99%!!

/sarc

Posted by DarthVader 2012-11-28 08:58|| 2012-11-28 08:58|| Front Page Top

#5 once you default on a federal student loan, who's going to hire you after they run your credit?

chances of repayment get more and more bleak for these people as time goes on.

it is very dangerous to put people in 'no-win' scenarios just for shits and giggles. no jobs, no growth, no end in sight.
buy by all means, keep voting for these douche-nozzles.

Posted by bigjim-CA 2012-11-28 09:08|| 2012-11-28 09:08|| Front Page Top

#6 But bigjim, who's going to be allowed to consider such a triviality as a student loan in a credit application? Did the CRA (Barney & Chris) teach you nothing about the control of credit by Big Brother?

This is the natural growth of fascism or coporatism or crony capitalism (your choice). It grows like Kudzu and is about as controllable.

Posted by AlanC 2012-11-28 09:17|| 2012-11-28 09:17|| Front Page Top

#7 GI Bill. Oh, wait, that means earning your way. Never mind.

Posted by Procopius2k 2012-11-28 10:02|| 2012-11-28 10:02|| Front Page Top

#8 Two years in the FEMA Youth Corp, remember, and all will be forgiven. My guess would be 6mo to 1year boot/education, then two years active service, reenlistment and promotion offered to those who show the proper dedication. Graduated their first class recently. Some say complete with armored vehicles, G&A, and uniforms but I have found nothing on those equipment purchases. All they need to get it going would be a major emergency.

Posted by swksvolFF 2012-11-28 10:28|| 2012-11-28 10:28|| Front Page Top

#9 Were those uniforms brown or black?

Posted by AlanC 2012-11-28 10:32|| 2012-11-28 10:32|| Front Page Top

#10 All they need to get it going would be a major emergency.
Posted by swksvolFF

...like the bottom falling out of the bond market.

Posted by Besoeker 2012-11-28 10:34|| 2012-11-28 10:34|| Front Page Top

#11 it's just the burst of another debt bubble ... something that has been foreseen for a long time. only one of many bubbles to come crashing down - although this debt market is huge. no need to guess who is going to pick up the expense on the unpaid debt obligations - the US taxpayer. who else? [Hint - Never the people responsible for the bubble].

Posted by Raider 2012-11-28 15:13|| 2012-11-28 15:13|| Front Page Top

#12 The government is there to make sure that rich reckless lenders always get paid back with interest by poor hard working people.

Posted by Bright Pebbles 2012-11-28 16:08|| 2012-11-28 16:08|| Front Page Top

#13 The road from Crushing Debt to Grinding Poverty sounds like a bad California Shortline.

Posted by Shipman 2012-11-28 17:09|| 2012-11-28 17:09|| Front Page Top

#14 Check this graph for the rate of change of tuition & fees compared to other classes of expenses.
Working your way through school seems less possible as the years go by. If you can make that king of money, perhaps you are better off working & not paying for further education.

Posted by Anguper Hupomosing9418 2012-11-28 18:35|| 2012-11-28 18:35|| Front Page Top

#15 Well, yeah, but that's the cost for the finest, worthless, leftist crapola education you could find. Anywhere.

And a bargain at twice the price!

Posted by Bobby 2012-11-28 19:31|| 2012-11-28 19:31|| Front Page Top

#16 once the GIvernment gets involved the costs defy supply and demand. If the GIvernment offered $20,000 for a new car would any car sell for less than $20,000?

the next move by the Washington busy bodies will be charging more for the productive degrees: science, engineeering, medical and business/technical degrees. all others get the 'free' ride.

Posted by airandee 2012-11-28 20:35|| 2012-11-28 20:35|| Front Page Top

22:19 European Conservative
22:12 JosephMendiola
22:06 USN,Ret.
21:52 swksvolFF
21:45 JosephMendiola
21:21 jvalentour
21:15 Frank G
21:14 JosephMendiola
21:10 swksvolFF
21:02 JosephMendiola
21:01 Redneck Jim
20:55 JosephMendiola
20:50 swksvolFF
20:35 airandee
20:27 Skidmark
20:24 Skidmark
19:41 Sgt. D. T.
19:38 Deacon Blues
19:38 Bobby
19:33 Eric Jablow
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19:24 bigjim-CA
19:17 Mike Kozlowski
18:48 Classical_Liberal
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