Author Topic: Think Tank: More Than 1 Million People Default on Student Loans  (Read 627 times)

Offline walkstall

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 24871
  • Gender: Male
  • WYSIWYG
Trump could go after this $1.5 trillion.

snip~
New think-tank research shows more than 1 million student loan borrowers each year go into default and nearly 40 percent of borrowers are expected to default on their student loans by 2023.

Outstanding education debt in the U.S. has tripled over the last decade and now exceeds $1.5 trillion, posing a greater burden to Americans than auto or credit card debt, CNBC reported.

more @
https://www.newsmax.com/finance/streettalk/student-loans-default-debt/2018/08/13/id/876868/
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline supsalemgr

  • Hero Member
  • *****
  • Posts: 12299
  • Gender: Male
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #1 on: August 14, 2018, 07:33:25 AM »
Let the private sector handle student loans. I guarantee defaults will go down.
"If you can't run with the big dawgs, stay on the porch!"

Offline walkstall

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 24871
  • Gender: Male
  • WYSIWYG
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #2 on: August 14, 2018, 08:04:14 AM »
Let the private sector handle student loans. I guarantee defaults will go down.

I am for that.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

  • Hero Member
  • *****
  • Posts: 63264
  • Gender: Male
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #3 on: August 14, 2018, 08:14:24 AM »
Let the private sector handle student loans. I guarantee defaults will go down.
The govt needs to bundle/sell these debts in packages to private collectors..
Sure, we as taxpayers take a loss, but it would get the govt out of supporting Marxist indoctrination centers pushing worthless liberal arts degrees..
#WWG1WGA

Offline walkstall

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 24871
  • Gender: Male
  • WYSIWYG
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #4 on: August 14, 2018, 08:19:28 AM »
The govt needs to bundle/sell these debts in packages to private collectors..
Sure, we as taxpayers take a loss, but it would get the govt out of supporting Marxist indoctrination centers pushing worthless liberal arts degrees..

Anything the government has a hand in we the taxpayers take a loss.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Online Sick Of Silence

  • Hero Member
  • *****
  • Posts: 769
  • Militant Libertarian
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #5 on: August 14, 2018, 09:45:57 AM »
The govt needs to bundle/sell these debts in packages to private collectors..
Sure, we as taxpayers take a loss, but it would get the govt out of supporting Marxist indoctrination centers pushing worthless liberal arts degrees..

They defaulted on student loans because they didn't learn anything so it kinda evens out.

 :toungsmile:
First Amendment isn't just Freedom Of Speech, it's Freedom Of Conscience.

Who made you the arbiter of morality? You are not Government but you sure are acting like one.

Offline walkstall

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 24871
  • Gender: Male
  • WYSIWYG
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #6 on: August 14, 2018, 09:57:57 AM »
They defaulted on student loans because they didn't learn anything so it kinda evens out.

 :toungsmile:

I must remember that if I take out a loan. 

What I learned over the years is don't take out a loan.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

  • Hero Member
  • *****
  • Posts: 63264
  • Gender: Male
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #7 on: August 14, 2018, 11:29:07 AM »
I must remember that if I take out a loan. 

What I learned over the years is don't take out a loan.
If you can't pay cash, you don't need it.
Life offers free experience all the time, most businesses will hire you if you agree to a lower wage while learning the trade.
Kids need to stop buying the lie of a college education!

#WWG1WGA

Offline walkstall

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 24871
  • Gender: Male
  • WYSIWYG
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #8 on: August 14, 2018, 12:43:13 PM »
If you can't pay cash, you don't need it.
Life offers free experience all the time, most businesses will hire you if you agree to a lower wage while learning the trade.
Kids need to stop buying the lie of a college education!

The only thing I can see taking loan out is foe a house.  Then it should be paid off in 10 years.  No loans for cars pay cash, drive used cars until you can pay cash for a new one.  The new car was for the wife, I liked my used cars for my use.  As I could work on them myself.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline supsalemgr

  • Hero Member
  • *****
  • Posts: 12299
  • Gender: Male
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #9 on: August 14, 2018, 12:48:13 PM »
The govt needs to bundle/sell these debts in packages to private collectors..
Sure, we as taxpayers take a loss, but it would get the govt out of supporting Marxist indoctrination centers pushing worthless liberal arts degrees..

When I was in college in the early 60's "college loan" was not in our vocabulary. It seems if you could not afford college, you did not go.
"If you can't run with the big dawgs, stay on the porch!"

Offline walkstall

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 24871
  • Gender: Male
  • WYSIWYG
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #10 on: August 14, 2018, 01:10:02 PM »
When I was in college in the early 60's "college loan" was not in our vocabulary. It seems if you could not afford college, you did not go.

It was the same way in the 40's and 50's.  Some kids work their way through college most did not.
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Politics is supposed to be the second-oldest profession.  I have come to realize that it bears a very close resemblance to the first.  ~ Ronald Reagan ~

Always remember "Feelings Aren't Facts."

Offline Solar

  • Hero Member
  • *****
  • Posts: 63264
  • Gender: Male
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #11 on: August 14, 2018, 04:19:04 PM »
When I was in college in the early 60's "college loan" was not in our vocabulary. It seems if you could not afford college, you did not go.
Yep, that's how I remember it too, and why I knew college was no in my future, so I planned accordingly. I educated myself.
#WWG1WGA

Online Sick Of Silence

  • Hero Member
  • *****
  • Posts: 769
  • Militant Libertarian
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #12 on: August 14, 2018, 11:31:10 PM »
When I was in college in the early 60's "college loan" was not in our vocabulary. It seems if you could not afford college, you did not go.

When did it go from "no money/no college" to "no money/no problem"?
First Amendment isn't just Freedom Of Speech, it's Freedom Of Conscience.

Who made you the arbiter of morality? You are not Government but you sure are acting like one.

Offline supsalemgr

  • Hero Member
  • *****
  • Posts: 12299
  • Gender: Male
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #13 on: August 15, 2018, 04:41:26 AM »
When did it go from "no money/no college" to "no money/no problem"?

I saw it happening in the mid 70's. It dawned on me that "old fashioned parenting" became optional. At that point I realized I could not fall into that trap with two small ones at the time.
"If you can't run with the big dawgs, stay on the porch!"

Offline s3779m

  • Hero Member
  • *****
  • Posts: 2087
  • Gender: Male
  • Keep looking, it's there
Re: Think Tank: More Than 1 Million People Default on Student Loans
« Reply #14 on: August 15, 2018, 04:50:39 AM »
Federal government took over student loans with obama. I am guessing the plan was for hillary to forgive those loans and have dim voters for life.

 

Powered by EzPortal