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.
The decline of America, at the behest of our refusal to place a premimum on Personal Responsibility, is even steeper than we ever thought it could be in the United States of America. After 10 years of payments, federal student loans would be absorbed by taxpayers.
I just read an article in the WaPo yesterday that student loans, faulty student loans, are the next economic bubble to burst. Won't be as bad as the housing situation, but close enough. So, this really doesn't surprise me.
How'd we get here? Same as with housing. Pushing the "American Dream". Everyone should own a home whether or not you can afford it and everyone should be able to go to college, not just rich folks. I guess when the economy is booming, neither sentiment is a bad thing--doesn't work so well when things fall apart.
Lending practices have just been too damn easy for about 15 years.
I really see nothing to rage or even be upset about in this.
Of course you don't. You see nothing wrong with multiple abortions...so why should we believe you have a problem with absolving students of their legal responsiblity to pay their debts? Personal Responsibility is not your theme at all. In fact, your posts have shown that you despise PR.
America is doomed because of the lack of principle embraced by people that share your ideals.
The decline of America, at the behest of our refusal to place a premimum on Personal Responsibility, is even steeper than we ever thought it could be in the United States of America. After 10 years of payments, federal student loans would be absorbed by taxpayers.
I can't even wrap my head around this. What should be a complete outrage is complete numbness. How in the hell did we get here?
We got here by the results of that fateful election of 2008 when the man who had promised students free college education was elected. Now he has to bring that promise to fruition to get that vote back. Anything to win an election is what politicians are willing to do and the voters aren't smart enough to know that we don't have the luxury of waiting 2 or 4 years to change the course that electing the wrong people starts us down.
I really see nothing to rage or even be upset about in this.
You probably would if you just finished paying off your student loan.
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.