There is no way to save the university loan crisis. When this bubble collapses, it has a huge impact on all Americans. As of October 1, 2016, there are 44.2 million people in the United States who have student loan obligations, and most of these student loans are co-signed by parents or grandparents and fallout rates or technical default rates. Is 50%. If this does not worry you, you are not paying attention.
Recently, there was an article on the Activist Post titled "The American problem with student loans is far greater than anyone else." An article by Shaun Bradley published on February 2, 2017.
“The Ministry of Education recently released a survey result that student loan repayment rates are greatly exaggerated. 99.8% of data from schools across the country to cover the problem of unpaid student loans of $ 1.3 trillion It was operated. "
Also in this article, the default rate is currently 50%, a huge number have never paid, the others have not paid within 7 years, and the default rate is less than 2 years and 38 It is said that it became from 50% to 50%. why? The most likely is due to all the stories about “free university for everyone” during the recent presidential election. Both Hillary Clinton and Bernie Sanders talked about university tuition forgiveness and free college for everyone.
Currently, bad debt is worth more than $ 650 billion, and taxpayers are hooked for a significant portion of it, but we all feel a fallout. Welcome to the power of socialism.
USA Today said: “According to a 2012 report by the CFPB and the Ministry of Education, about 90% of private student loans are co-signed by parents. This is a significant increase over the previous year,” CNBC Jessica Dickler's "Danger of Student Loan Co-Signature" was announced on January 16, 2016.
We all know that most of those who get a degree and leave school don't work in that knowledge set. Only 15% are expected to still work in the field where they have a degree, and many of these jobs will not be available for the next 10 years.
What are you doing to solve the problem? College tuition increases every year, the new semester starts a few times a year, debt, students, loans, defaults increase, bubbles are autopiloted, but rubber splatters throughout the room Unfortunately it's too late. Of course, everyone will find a responsible person. Obama administration, banks, students, universities, and of course their wealthy center. Certainly, the left slams capitalism, and the right slams socialists. Is it important now?
Did you not only recover from the mortgage crisis bubble but also crashed in 2008? What have you learned? Not very obvious. Well, how to go human, you got caught up in your BS and echo chamber again-I had hope to you, but you continue to prove you are incompetent-human ? Think about this.
Recommended reading:
[1] Article: WSJ [Wall Street Journal], “Incredibly Much Bad Student Debt Repayment-Revised education sector numbers are over 1,000 schools, at least half of students default or within 7 years Did not repay the debt, ”Andrea Fuller, January 18, 2017.
[2] Book: “Campus politics-what everybody needs to know”, Jonathan Zimmermann, Oxford, 2016, page 146, ISBN: 978-0190627409.
[3] YouTube video: “Do you know?”
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