Record Surge in Past-Due Student Loans Adds to US Debt Burden

[Dave Hess]

Record Surge in Past-Due Student Loans Adds to US Debt Burden​

https://finance.yahoo.com/news/record-surge-past-due-student-150000573.html


These people need to repay all their student loans and debt.

You borrow money….. you pay it back.

 

[Leo99]

The whole thing stinks. From the top to the bottom. Universities have exorbitant tuition. They discount them for many/most of the students except the rich ones or students they don't necessarily want but if they're willing to pay the full boat, they get in. The government hands out student loans like candy to subsidize the universities. The job market stinks in many areas and the graduates can't get meaningful work.

 

[mk378]

Sign up for ICE and the gummint will pay them off.

 

[trd1zz]

You borrow money….. you pay it back.

Unless you're the US government.

 

[Escape08]

Implement wage deduction or garnishment

 

[cptbarkey]

Such attention getting headlines. The article itself says the "surge" is at the same level that it was pre-covid. If this is true, and the data sources its pulling from is legitimate, there is nothing to see here folks.

 

[RoadDukie]

IBTL...

 

[skyactiv]

This is a knee jerk topic and a lot of people here have no idea on the subject. I bet most people here don't even know our founding fathers addressed bankruptcy in the U.S. Constitution. I can school you guys if I'm allowed to speak. I'll come back tomorrow if this thread survives.

 

[dishdude]

Speaking of bankruptcy, for loans backed by the federal government and unable to be discharged in bk, they shouldn't be allowed to charge the interest rates that they do.

 

[2strokeNorthstar]

Sign up for ICE and the gummint will pay them off.

Where do I "sign up for ICE"?

 

[JeffKeryk]

Silicon Valley paid for my education. And had me attend some classes during my work afternoons. Yup. I owe them a lot.

 

[Jetronic]

Where do I "sign up for ICE"?

McMurdo

 

[AKhan87]

I am so glad, I paid off my student loan during the pandemic, can't stand owing anyone, anything.

 

[mk378]

Where do I "sign up for ICE"?

http://join.ice.gov
That is NOT a parody site.

 

[slacktide_bitog]

You know who's most likely to default on student loans? Doctors

 

[02SE]

I paid for my education on my own. Lots and lots of sacrifice, but well worth it.

 

[bdcardinal]

I paid for my education on my own. Lots and lots of sacrifice, but well worth it.

I was lucky, Santa Barbara City College was cheaper than high school so my mom gladly paid. So thankful I took that intro to automotive class my first semester.

 

[CarLuver]

My wife and I sacrificed and save for our kids education . they went to a good college and came out debt free. If there is debt forgiveness , should we not also be compensated ?

To me, you borrow money, you pay it back

 

[2strokeNorthstar]

http://join.ice.gov
That is NOT a parody site.

Dang, too old to join as an agent. I was hoping they had some kind of office support gig

 

[Nick1994]

Predatory lending and high interest rates.

A lot of these loans accrue so much interest that making large monthly payments does nothing to decrease the loan.