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Topic: Student Debt Climbs, Credit
Risk Gets Steeper: Report |
Student Debt Climbs, Credit
Risk Gets Steeper: Report
CNBC, by Paul O´Donnell
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Original Article
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Posted By:NorthernDog, 1/31/2013 2:34:48 PM
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| Americans now owe an average of $27,253 in student loans as the delinquency rate has increased by more than 47 percent since 2005, according to a new report. Some 27 million borrowers, or slightly more than 13 percent of the country, have two or more outstanding student loans, according the report from FICO Labs, the research arm of the credit-score agency. That number has more than doubled in the past eight years. In the 2005 report, the average student loan debt was $17,233. In the latest study, the average credit score for new loans was going down
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Comments:
The most indebted generation. And they haven´t yet gotten the bill for Bam´s annual $Trillion+ deficits.
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Reply 1 - Posted by:
Kingbubo, 1/31/2013 3:08:28 PM (No. 9150941)
Maybe I´ll stop paying and let the government have some sort of bailout.
The more money available, the more tuition costs increase.
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Reply 2 - Posted by:
mythman, 1/31/2013 3:35:43 PM (No. 9150972)
Tic Tic Tic....
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Reply 3 - Posted by:
Philipsonh, 1/31/2013 5:06:37 PM (No. 9151108)
I thought that the U.S. Government took over much of the student lending program a few years ago. Since they know best how to run "everything", how can the program be doing worse? The President should fly someplace, any place, and give a speech on how the GOP is responsible for this program´s shortfalls. I don´t believe he has spoken in Anchorage recently. Oh, wait, there is no golf there at this time of year. Hold that plane. Hawaii
here he comes.
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Reply 4 - Posted by:
provide, 1/31/2013 7:29:23 PM (No. 9151314)
This issue will be the third leg on the Obama stool. Crying, unemployed former students of private vocational schools will appeal to the media and Bammy, wanting Congressional hearings.
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Reply 5 - Posted by:
LanieLou, 1/31/2013 11:49:33 PM (No. 9151630)
All planned in the Marxist playbook... Encourage kids to enroll in useless social justice degree programs & saddle them with $30k debt; Offer them debt forgiveness in exchange for 2-3 years public service, which will also pay them just enough to get high & have a place to sleep.
Now you have generations of young adults with no conception of competitiveness, advancement thru individual accomplishment or freedom. Trained slaves..
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