More Than 40% of Student Borrowers Aren’t Making Payments

[Humperdink]

http://www.wsj.com/articles/more-than-4 ... 1459971348" onclick="window.open(this.href);return false; (was available, now need to google to read article).

Step 1) Raise tuition at triple the rate of inflation (every year). Why? Because they can.

Step 2) Make loan money available to any and all who wish to go to college. This would include those who do not belong on college. Include college majors for which jobs do not exist or start at slightly above minimum wage.

Step 3) Make sure classes are scheduled in such a way so that a 4 year degree takes 4 1/2 to 5 years to complete. This adds to the college's revenue stream (and of course the students' debt).

Step 4) Have the feds take over the college loan program.

Step 5) Get one candidate start mumbling about free college.

Step 6) Students already in debt up to their eyeballs start a new chant: "Unfair, unfair".

Step 7) Student loan forgiveness talk now enters into the campaign.

Step 8) Voila, a new constituency group is added to the federal plantation.

[Humperdink]

"43% of the roughly 22 million Americans with federal student loans weren’t making payments as of Jan. 1.."

"About 1 in 6 borrowers, or 3.6 million, were in default on $56 billion in student debt, meaning they had gone at least a year without making a payment."

"Meantime, another three million owing almost $110 billion were in “forbearance” or “deferment,” meaning they had received permission to temporarily halt payments due to a financial emergency, such as unemployment."

[ville5]

Weren't the laws changed awhile back to prevent student loans from being terminated under bankruptcy protection?
Plantation is a very apt word choice.

[Humperdink]

Weren't the laws changed awhile back to prevent student loans from being terminated under bankruptcy protection?
Plantation is a very apt word choice.

Student loans can not be discharged under current bankruptcy laws.

[dey soff]

Oh, it's payday in America. Time to pay the rich people. But..but.. but everyone has the opportunity. Blah, blah, blah this system exploits 290,000,000 members of the population.

At least we aren't like the 1,000,000,000 people in the world without access to clean drinking water.

[ville5]

http://www.usatoday.com/story/news/nati ... /28790905/" onclick="window.open(this.href);return false;

[dey soff]

http://www.usatoday.com/story/news/nati ... /28790905/

It's worse than I thought. I'm packing my bags and heading to..well idk really? Switzerland?

[Humperdink]

http://www.usatoday.com/story/news/nati ... /28790905/

It's worse than I thought. I'm packing my bags and heading to..well idk really? Switzerland?

You don't have go that far. I hear Flint, Michigan has fresh mountain spring water.

[ville5]

http://www.usatoday.com/story/news/nati ... /28790905/

It's worse than I thought. I'm packing my bags and heading to..well idk really? Switzerland?

You don't have go that far. I hear Flint, Michigan has fresh mountain spring water.

:twisted:

[ville5]

http://www.mintpressnews.com/nestle-con ... ht/203544/" onclick="window.open(this.href);return false;
You pesky humans don't have a right to water anyway.