CGTalk - Bloomberg: The Needless Tragedy Of Student Loan Defaults

View Full Version : Bloomberg: The Needless Tragedy Of Student Loan Defaults

RobertoOrtiz

11-29-2012, 04:26 AM

For the first time on record, the delinquency rate on student loans has jumped above the rate for credit cards, car loans, or any other kind of consumer loan. The tragedy? Many of those loans will default, with stunningly harsh consequences.

http://www.businessweek.com/articles/2012-11-28/the-needless-tragedy-of-student-loan-defaults

taxguy

11-29-2012, 02:42 PM

I like your posts. You always come out with good, thoughtful posts.

fig

11-29-2012, 05:21 PM

I have mixed feelings on things like this.

You have the issue of education costs greatly inflating combined with people who spent $100k to get a degree in something like Literature that has little practical application. Yes it's awful that it cost that much, but there's also responsibility on the borrower to look at whether they're taking out a sizeable loan on something that will be a good long term investment.

Lots of blame to be spread around.

Deo85

12-04-2012, 11:10 PM

Sadly school is getting retarded and there is no light at the end of the tunnel as the common design of getting a degree is to get a edge on other people as more people get degrees you just become another one of the crowd and it seems that these specialize educations like 3D you end up going through private schools that charge a arm and a leg to attend.