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6 Oct ’15
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Some of you know that I have a problem with people thinking that their student loans should magically disappear. This is an interesting article that shows the level of debt out there in the world of Student Loan Land.
7 Jan ’14
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Gravel Road said
Some of you know that I have a problem with people thinking that their student loans should magically disappear. This is an interesting article that shows the level of debt out there in the world of Student Loan Land.
This is absurd. The thing is, even if you "forgive" these debts, it's not going to help the debt holder understand the responsibility and consequences of taking out loans. Ugh.
6 Oct ’15
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Ion...it's the entitlement crowd...someone 'owed' them an education. All I know is if the Govt ever wipes out student loan debt (which they can't afford to ever do) then I want my money back for my loans that I paid off early!
15 Feb ’12
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I'm surprised this bubble hasn't burst yet
6 Oct ’15
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This article is from 2014 but makes some good points about student loans being unsecured vs a mortgage at least being tied to some real estate.
Scary to look at Student Loan debt (over 1 trillion), Credit Card debt, Mortgage debt, Now there is growing concern over Auto Financing debt, Federal Deficit...no idea what the total outstanding debt is here...more scary than I want to know.
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"At least with the housing bubble, the loans were secured," Traitz says. "Though the collateral was declining in value, there was still something to repossess in the case of default. When it comes to student loans, they can't be discharged and there is no collateral for the government to attach in an effort to recover taxpayers' money."
15 Feb ’12
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govt should really get out of the education business
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