U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-30-2013, 09:54 AM
Status: "But in the aggregate..." (set 26 days ago)
 
Location: The Triad (NC)
31,331 posts, read 69,465,060 times
Reputation: 37326

Advertisements

Quote:
Originally Posted by WSJ
Nearly $300 billion of the almost $900 billion in outstanding student loans was held by the riskiest category of borrowers. More than 12% of federal student loans, and 5% of private student loans,
were considered delinquent. Article Link
I'd like to see the aging on these loans.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 02-03-2013, 01:19 AM
 
4,142 posts, read 9,582,980 times
Reputation: 3455
This is the kind of thing that worries me. It wouldnt if I was confident the government would actually enforce these loans, but I get a little hesitant to pay mine off, when there can potentially be a bailout coming for people who made bad decisions
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2013, 01:29 AM
 
Location: Tallahassee
305 posts, read 796,477 times
Reputation: 144
People certainly made bad decisions with loans but I think the cost of an education in the U.S. is getting outrageous, even in public schools. Students should not have to be burdened with debt for years or even decades to obtain an education. WIth globalization increasing manufacturing and other low skilled jobs may never be abundant here as they once were. We cant compete, at least for now with the low cost of production in other countries. More people are going to have to get an education.

Its also very unfortunate that after the recession tuition rates have increased and funding has dried up at many schools. Students had the least to with the mistakes of the government, banks ect.. yet it is the students who are paying the price.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2013, 07:28 AM
 
Location: Great State of Texas
86,068 posts, read 76,616,443 times
Reputation: 27642
Less than 50% graduate a 4 year college and less than 30% graduate from a 2 year college.
You have lots of people with student loans and no college degree to show for it.
What types of jobs are out there today for HS graduates..mostly min wage hourly work.
And the loans will sit unpaid because they just don't make enough money.

I think the government saw this when they nationalized Fannie and Freddie and took over the student loan business before the next big bailout hit them.

The Fed can sweep this outstanding debt under the rug and let it be buried in the national debt.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2013, 07:35 AM
 
Location: Someplace Wonderful
5,178 posts, read 4,168,551 times
Reputation: 2568
Quote:
Originally Posted by GiantRutgersfan View Post
This is the kind of thing that worries me. It wouldnt if I was confident the government would actually enforce these loans, but I get a little hesitant to pay mine off, when there can potentially be a bailout coming for people who made bad decisions
Or predatory lending... why do some choose to overlook the for profit universities who have staff whose job it is successfully close big loans to those eager to improve themselves and become contributors to this nation?

There have been any number of articles written and documentaries produced about for profit universities and their predatory lending and how they walk away scott free after the ignorant sign on the dotted line.

Same thing happened in the mortgage industry during the GW Bush administration. Too many prefer to blame Barney Frank, but the truth is that the big banks walked away free of all blame, with pockets full of federal bailout money, and EXACTLY the same thing is happening in the for profit university system.

.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2013, 01:06 PM
 
48,508 posts, read 88,431,788 times
Reputation: 18187
Te housig bubble stared log before GW BUSH and congress creqated Fannie and freddie and of course frank blocked the audit of both eve sayig if they got i trouble we could just bail them out. just poart of wealth sahrig as seen bu liberals .Nothing was hidden really and most saw houisng as the fast wealth bubildign asset that could be invested in. Now; of course; all claim to be victims of others greed forgettig their own. Student loan as a means of investing in ones future is no different really ande those who borrowed can't cliam they were stuid and victims as easily.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2013, 02:59 PM
 
Location: Philadelphia Area
1,720 posts, read 1,165,659 times
Reputation: 1353
Hundreds of thousands of Master’s degree holders, PhDs on food stamps

169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2013, 03:09 PM
 
Location: Dallas
5,910 posts, read 5,537,966 times
Reputation: 17622
[quote=HappyTexan;28071045]Less than 50% graduate a 4 year college and less than 30% graduate from a 2 year college.
You have lots of people with student loans and no college degree to show for it.
What types of jobs are out there today for HS graduates..mostly min wage hourly work.
And the loans will sit unpaid because they just don't make enough money.

I think the government saw this when they nationalized Fannie and Freddie and took over the student loan business before the next big bailout hit them.

The Fed can sweep this outstanding debt under the rug and let it be buried in the national debt.[/quote]

How fair would that be to those of us who paid our loans?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2013, 04:10 PM
 
Location: Someplace Wonderful
5,178 posts, read 4,168,551 times
Reputation: 2568
[quote=aquietpath;28076580]
Quote:
Originally Posted by HappyTexan View Post
Less than 50% graduate a 4 year college and less than 30% graduate from a 2 year college.
You have lots of people with student loans and no college degree to show for it.
What types of jobs are out there today for HS graduates..mostly min wage hourly work.
And the loans will sit unpaid because they just don't make enough money.

I think the government saw this when they nationalized Fannie and Freddie and took over the student loan business before the next big bailout hit them.

The Fed can sweep this outstanding debt under the rug and let it be buried in the national debt.[/quote]

How fair would that be to those of us who paid our loans?
Every bit as fair as the mortgage bailouts have been to those of us who had sensible loans.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-03-2013, 04:18 PM
 
Location: Dallas
5,910 posts, read 5,537,966 times
Reputation: 17622
[quote=chuckmann;28077360]
Quote:
Originally Posted by aquietpath View Post

Every bit as fair as the mortgage bailouts have been to those of us who had sensible loans.
Which wasn't fair either. Why do it again with student loans?
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6. The time now is 01:17 AM.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top