More then 40% student loan borrowers not making payments, defaults rise by another 1 million (racism, Denver)

[lovecrowds]

Student loan defaults rose by 1.1 million in 2016 – The Denver Post

https://www.wsj.com/articles/more-th...nts-1459971348

I don't understand this, I thought degrees were the tool to a six-figure position doing things like consulting, advising and being a professional.

I am curious why so many professional white-collar millennials are having this issue.

I guess buying cars, homes, expensive coffees and juices and learning experience luxury vacations are just much more important.

Odd, how this is happening in the biggest economic bubble possibly ever in the history of the nation.

[mightleavenyc]

Never seen one of them without the latest smartphone. Priorities, I guess.

[Jobster]

Worse, there WILL BE NO JOBS. That's right, automation is going replace probably 99% of human labor capital. Why aren't people talking about this? Why isn't this an issue?

What are they going to do with hundreds of millions of unemployable Americans? Not that hard to figure out.

[beb0p]

Originally Posted by lovecrowds

I am curious why so many professional white-collar millennials are having this issue.

Many of the students were defrauded by institutions like the Trump University into paying very high tuition for worthless degrees.

.

[sware2cod]

Originally Posted by lovecrowds

I don't understand this, I thought degrees were the tool to a six-figure position doing things like consulting, advising and being a professional.

Your answer is in the link you provided.

"Research shows many borrowers in default never earned a degree and haven’t found steady work."

[Jobster]

Originally Posted by beb0p

Many of the students were defrauded by institutions like the Trump University into paying very high tuition for worthless degrees.

.

Almost all students are defrauded. People are on the brink of being unemployable. The technology is already here. All it takes is widespread implementation.

[mountainrose]

The majority are democrats, and democrats do not believe in following laws and rules when it inconveniences them or their political stance.

[Jobster]

This is real.


https://www.youtube.com/watch?v=7Pq-S557XQU

This is reality.

Keep talking about things that don't matter. All that racism and hatred and whatever else people are fixated on isn't going to matter much when you don't have a job.

[beb0p]

Originally Posted by Jobster

Almost all students are defrauded. People are on the brink of being unemployable. The technology is already here. All it takes is widespread implementation.

If that's the case then should have voted for Hillary, who has a job program that will train workers to adjust to the new age.

Instead of the buffoon who promised to bring jobs back to America so robots can do them.
.

[michiganmoon]

#1 In another thread I posted that many public universities take $1,000+ a year per student of tuition money to fund varsity athletics. After 4 years of college and making minimum payments many students are paying $7,000 in extra tuition to fund their college's sports teams once interest is factored in.

#2 Too many Americans go to college for degrees that have academic value, but aren't conducive to getting a job.....women's studies, African-American studies, American studies, social justice (yes some schools offer this as a degree now), philosophy, etc...

#3 Too many kids drop out and don't earn a degree.