You don’t have to take my word for it – great chart at this link. One of you technological types can embed it in a comment. [Happy to assist. -ed]
The odds that all – or even most – student loan debt will be repaid have been declining for some time. I suggest that decline is accelerating, and that to the extent that student loans have been repackaged and sold/resold there is a huge bubble about to go POP!
The increase in costs for higher education, and the declining support have outpaced inflation for many years. For the total of student loans to actually – GULP – exceed the total amount owed on credit cards feels a lot like the Titanic hitting an iceberg to me – it won’t float.
Please share widely!
is really quite easy.
1. Select the text that you want to turn into a link.
2. Click the “link” button in the menu (in the visual editor, it’s a little chain-link). A pop-up should appear
3. Copy the URL into the pop-up, and click OK.
That’s it!
That must be the blue “link” I see as I am replying, so here is another article on this problem, let’s see if I can do it
Sorry, I still was not able to embed the graph or shorten the link; must be a dino… ):
http://www.nytimes.com/2011/04/12/education/12college.html?_r=4&ref=todayspaper
…the pop-up required gets blocked, so you have to allow pop-ups for this site and try again. As to the matter at hand my brother swears that he is not being asked to pay enough each month to keep up with the increased interest so that his total balance is increasing rather than decreasing. Is that possible and is that legal?
Our daughter’s loans were like that, and we helped her get them under control.
No, I don’t allow pop-ups so you have almost certainly diagnosed my problem – thank you.
As these loans were also securitized and NOT worth what they were sold for, it is another, vast, bubble. At least I warned all those investors, right???