Student loan defaults rising, study finds

submitted by dcjogger from dailyherald.com

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[–]ducksworth 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Imagine that. It's almost like spending tens or hundreds of thousands of dollars to get an "education" doesn't really work like they said it does. Double for those studying things of little use in a good economy.

[–][deleted]  (1 child)

[deleted]

    [–]ducksworth 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

    It seems that making the market work properly isn't a priority. Student Loans are a money machine for the lenders.

    [–]dcjogger[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

    Americans look forward to the stock market crash because they think that they'll be able to buy homes cheaply.

    Americans don't realize that when the US Ponzi economy collapses, ATM cards won't work, banks will close, companies will shut, cash will be worthless, the water and electricity won't work, there will be no government workers to transfer titles, there will be roving mobs of starving people, and there will be no police to protect property.

    https://onee.ch/pol/

    [–]dcjogger[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

    If you lived in a peaceful free country with a balanced budget and took out a student loan to go to medical school and then found out when you graduated that your country had turned into a bankrupt warmongering police state, would you work to pay back the debt and taxes?