Nobody is paying down their student loans
invite response
2020 Jan 16, 1:14pm 1,234 views 11 comments
by tovarichpeter ➕follow (7) 💰tip ignore
https://www.cnbc.com/2020/01/16/student-loan-debt-is-over-1point6-trillion-and-balances-arent-going-down.html
Comments 1 - 11 of 11 Search these comments
1
Goran_K
2020 Jan 16, 1:27pm
Goran_K
2020 Jan 16, 1:27pm
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.
Ooooh well.
2
RWSGFY
2020 Jan 16, 2:34pm
RWSGFY
2020 Jan 16, 2:34pm
They are waiting for Lizzie and/or Bernie to ride in on a white horse and forgive them loans.
3
Heraclitusstudent
2020 Jan 16, 3:07pm
Heraclitusstudent
2020 Jan 16, 3:07pm
Someone has to do the borrowing.
Look at the bright side: they are not counted as taxpayer debt....
- yet.
Look at the bright side: they are not counted as taxpayer debt....
- yet.
6
SunnyvaleCA
2020 Jan 16, 4:05pm
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
2020 Jan 16, 4:53pm
CBOEtrader
2020 Jan 16, 4:53pm
Goran_K says
What would a student loan collapse look like?
Does anyone care if student loan lenders go broke for financing trans-gender studies?
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
Misc
2020 Jan 16, 7:45pm
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.
9
SunnyvaleCA
2020 Jan 16, 10:37pm
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
Maga_Chaos_Monkey
2020 Jan 17, 11:43am
Maga_Chaos_Monkey
2020 Jan 17, 11:43am
The_Weeping_Ayatollah says
Their punishment should be a rate increase.
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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