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1   Goran_K   ignore (3)   2020 Jan 16, 1:27pm     ↓ dislike (0)   quote   flag        

Gee... wasn't there another government subsidized loan product that people refused to pay down years ago that was almost completely untied to the ability of the individual to fulfill the debt obligation... feel like it had catastrophic results and lead to major economic turmoil...

Ooooh well.
2   The_Weeping_Ayatollah   ignore (5)   2020 Jan 16, 2:34pm     ↓ dislike (0)   quote   flag        

They are waiting for Lizzie and/or Bernie to ride in on a white horse and forgive them loans.
3   Heraclitusstudent   ignore (2)   2020 Jan 16, 3:07pm     ↓ dislike (0)   quote   flag        

Someone has to do the borrowing.
Look at the bright side: they are not counted as taxpayer debt....
- yet.
5   RC2006   ignore (2)   2020 Jan 16, 3:45pm     ↓ dislike (0)   quote   flag        

They are doing what illegals do hopping for a student loan amnysty.
6   SunnyvaleCA   ignore (1)   2020 Jan 16, 4:05pm     ↓ dislike (0)   quote   flag        

Goran_K says
Gee... wasn't there another government subsidized loan product that people refused to pay down years ago that was almost completely untied to the ability of the individual to fulfill the debt obligation... feel like it had catastrophic results and lead to major economic turmoil...
At least with the housing market there was some underlying collateral.
7   CBOEtrader   ignore (6)   2020 Jan 16, 4:53pm     ↓ dislike (0)   quote   flag        

Goran_K says
Gee... wasn't there another government subsidized loan product that people refused to pay down years ago that was almost completely untied to the ability of the individual to fulfill the debt obligation... feel like it had catastrophic results and lead to major economic turmoil...

Ooooh well.


What would a student loan collapse look like?

Does anyone care if student loan lenders go broke for financing trans-gender studies?
8   HEYYOU   ignore (46)   2020 Jan 16, 6:20pm     ↓ dislike (0)   quote   flag        

"Among the Class of 2018, 69% of college students took out student loans, and they graduated with an average debt of $29,800, including both private and federal debt. Meanwhile, 14% of their parents took out an average of $35,600 in federal Parent PLUS loans.

https://studentloanhero.com/student-loan-debt-statistics/

"Average American Household Debt: $5,700. Average for balance-carrying households: $9,333
Total Outstanding U.S. Consumer Debt: $3.9 trillion. Total revolving debt:$1.03 trillion
41.2% of all households carry some sort of credit card debt.
Households with the lowest net worth (zero or negative) hold an average of $10,308 in credit card debt.
The Northeast and West Coast hold the highest average credit card debt – both averaging over $8,000."

https://www.valuepenguin.com/average-credit-card-debt

"The average U.S. mortgage debt per borrower for Q1 2019 was $202,284, a 2.4% year-over-year increase for 2019."

https://www.experian.com/blogs/ask-experian/how-much-americans-owe-on-their-mortgages-in-every-state/

Pay off nothing RepCons will bail you out.
9   Misc   ignore (0)   2020 Jan 16, 7:45pm     ↓ dislike (0)   quote   flag        

Since most student loans are backed by the federal government, a student loan collapse would require you to pay extra taxes and/or have reduced purchasing power of your currency when the debts are reduced/extinguished. You voted for this through your congress critters.
10   SunnyvaleCA   ignore (1)   2020 Jan 16, 10:37pm     ↓ dislike (0)   quote   flag        

CBOEtrader says
Does anyone care if student loan lenders go broke for financing trans-gender studies?
Ummmm... Yes, we do care! The backers of the loans are the taxpayers.
11   Ceffer   ignore (4)   2020 Jan 17, 1:52am     ↓ dislike (0)   quote   flag        

It's the Warren-Bernie Pandertard Student Loan Put.
12   just_dregalicious   ignore (3)   2020 Jan 17, 11:43am     ↓ dislike (0)   quote   flag        

The_Weeping_Ayatollah says
They are waiting for Lizzie and/or Bernie to ride in on a white horse and forgive them loans.


Their punishment should be a rate increase.

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