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One interesting fact is that a large part of the growth has been due to the family shifting the burden to the student. Another is the contribution of for profit institutions.
A bottle of coca cola used to cost 25 cents, now it costs 5$. What does that have to do with "entitled" losers who borrow money and then whine when they have to repay the loan?
A bottle of coca cola used to cost 25 cents, now it costs 5$. What does that have to do with "entitled" losers who borrow money and then whine when they have to repay the loan?
You are claiming that living costs have gone up 3 X since 1990? Where do you get this silliness?
And the net cost of college is up no place near a factor of 3. Just how it gets paid.
And why on earth should bankruptcy rules not apply to student loans?
You are claiming that living costs have gone up 3 X since 1990? Where do you get this silliness?
And the net cost of college is up no place near a factor of 3. Just how it gets paid.
And why on earth should bankruptcy rules not apply to student loans?
Disposable personal income has tripled in the last 25 years, so costs have tripled. What does that have to do with entitled students that don't feel like repaying money they borrowed? Why do these 15 students imagine that they are the first generation to face student loan debt? Why do these students imagine that they are unique in being upset with themselves for spending money they didn't have?
Disposable personal income has tripled in the last 25 years, so costs have tripled. What does that have to do with entitled students that don't feel like repaying money they borrowed? Why do these 15 students imagine that they are the first generation to face student loan debt? Why do these students imagine that they are unique in being upset with themselves for spending money they didn't have?
Source? I think you will find the real change in disposable income is close to zero. But lets see your data.
They are facing vastly higher debt than years earlier. I remember 1990 well. Last kid finished. Paid all the costs out of pocket and kids paid there own living expenses thanks to Disney and Knotts Berry Farm.
Source? I think you will find the real change in disposable income is close to zero. But lets see your data.
They are facing vastly higher debt than years earlier. I remember 1990 well. Last kid finished. Paid all the costs out of pocket and kids paid there own living expenses thanks to Disney and Knotts Berry Farm.
I attached a graph and a link, so the source is in the post above.
I attached a graph and a link, so the source is in the post above.
That's an aggregate number. Per capita is very closer to inflation and is about zero after inflation. In period dollars 1990 was $25,557 and 2015 was $38,551 Over that period of time college costs are up about 50% in period economics.
So we still have an increase of 3X with a cost increase of half that.
That's an aggregate number. Per capita is very closer to inflation and is about zero after inflation. In period dollars 1990 was $25,557 and 2015 was $38,551 Over that period of time college costs are up about 50% in period economics.
So we still have an increase of 3X with a cost increase of half that.
How does that relate to whether people should repay loans?
In other words, we should no longer have student loans. Personal loans allow for BK and are available for those who want to borrow money.
And then you bankrupt a whole mess of colleges who can't exist without the loan revenue. Ain't the law of unintended consequences wonderful?
The thing should never have been created...but it was and now we have to deal with the outcome.
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