CagleMtnVol
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So yesterday it was "hundreds of billions" and today $40T
A $40 Trillion Global Infrastructure Plan: G7 Unveils 'Build Back Better World' (B3W) To Challenge China's 'Belt And Road Initiative'(BRI) (yahoo.com)
Nope it doesn’t. I agree with you on that stance. Let’s make it clearable by bankruptcy then that would fix a lot of issues frankly if lenders actually had to manage risk. And we’d see zero $50k English lit degrees too.Holding an 18-21 responsible for their student loan debt, yet letting the 40+ year old guy in the McMansion and Corvette in the garage off the hook with bankruptcy.
Makes sense.
Nope it doesn’t. I agree with you on that stance. Let’s make it clearable by bankruptcy then that would fix a lot of issues frankly if lenders actually had to manage risk. And we’d see zero $50k English lit degrees too.
But I stand by my statement too. They took it out they need to pay it back. Or as you’ve brought up have it absolved.
Boy can you imagine the bankers *****ing themselves on that write off?![]()
I have no idea. I took out one small loan my senior year in 1988 from a bank. I want to say it was guaranteed by the Feds but the bank gave me the money. No idea in the end because it was paid back 6 mos after graduationdidn't the Feds take over student loans? do banks have much on their books anymore?
1988...back when you could probably pay for a years worth of tuition working 90 days in the summer on minimum wage.I have no idea. I took out one small loan my senior year in 1988 from a bank. I want to say it was guaranteed by the Feds but the bank gave me the money. No idea in the end because it was paid back 6 mos after graduation
I have no idea. I took out one small loan my senior year in 1988 from a bank. I want to say it was guaranteed by the Feds but the bank gave me the money. No idea in the end because it was paid back 6 mos after graduation
It was considerably cheaper for sure. Not quite as cheap as you’re playing though. However in my opinion the ballooning of easy loan money is the biggest issue here. The money supply to feed college coffers exploded. And so did tuition and fees best as I can tell1988...back when you could probably pay for a years worth of tuition working 90 days in the summer on minimum wage.
Wasn’t aware of that thanks for the info. Looks like another example of everything the Feds touch dies. They get directly involved and debt balloons from $155B to $1.1T shocking I tell you.i think it was taken over during the Obama era - I'm sure some prior are still held by private banks but I think since it's on the Fed's books
Maxine Waters grills banks on student loan crisis even though feds took over in 2010
The Obama administration eliminated the federal guaranteed loan program in 2010, putting the federal government in charge of student lending with the idea of saving taxpayer dollars by “cutting out the middleman,” as President Barack Obama put it.
Afterward, student loan debt exploded from $154.9 billion in 2009 to $1.1 trillion at the end of 2017, according to Investor’s Business Daily. Current student debt is estimated at more than $1.5 trillion.
How about we stop encouraging kids to go into debt earning useless degrees.looks like they might have to ... gasp work Millennials are about to get screwed yet again if Biden doesn't cancel student-loan debt
So your doing is making more of those guys. Basil them out now and later. Best we could do is educate kids on the complete uselessness of most degrees.Holding an 18-21 responsible for their student loan debt, yet letting the 40+ year old guy in the McMansion and Corvette in the garage off the hook with bankruptcy.
Makes sense.
It was fed backed. Graduated in 2011. Had a couple of loans, paid back in 6 months from me as well. I also worked during college.I have no idea. I took out one small loan my senior year in 1988 from a bank. I want to say it was guaranteed by the Feds but the bank gave me the money. No idea in the end because it was paid back 6 mos after graduation