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    Higher Ed bubble in two charts

    Higher Ed bubble in two charts

    Via Wapo, Past due student loans multiply:

    While student loans are growing as a part of the total consumer debt balance in the United States, they are still a small part. But they are now leading among loans that are 90 days or more past due.

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    Hey students, continue to support your black Messiah, Lord, God, and Savior. Hope and change spring eternal, ya know …

    If I interpret those graphs correctly, the emerging generation continued to vote for Obama even as their predicament worsened, especially in 2012, under his policies.


       
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      Ragspierre in reply to gs. | March 23, 2013 at 10:41 am

      I read something the other day that said that not one net job had been created for younger voting-age workers since Obama came to office.

      That may be an overstatement, but not by much.

      Couple that with very expensive…and absolutely worthless…degrees taken on credit, and you have a real catastrophe for young people (not all of whom are guilty of voting Obama).


     
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    stevewhitemd | March 23, 2013 at 11:00 am

    The chart on the left shows that while all the other categories of mortgage loans have seen declines since ’08, student loans continue to grow. Golly gosh, wonder why that is?


     
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    ShakesheadOften | March 23, 2013 at 11:58 am

    You’re seeing what moral hazard looks like. They probably expect a bailout.


       
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      Chicklet in reply to ShakesheadOften. | March 23, 2013 at 12:26 pm

      Expect a bailout? Of course! And here’s how they’ll get it- vote as many times as you can, with as many friends as you can round up from the pool of illegal aliens and dead folks.

      Cast those votes for the most left-leaning democrats on the ballot and presto! your loan will be forgiven- the government will pay for it (wow aren’t they nice at ‘the government’..).

      If autos and investment banking were too big to fail, when those are compared to higher education we ain’t seen nothing yet.


     
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    heimdall | March 23, 2013 at 2:19 pm

    Since Obamacare passed, the government owns the student loan industry. So many college students should expect student loan forgiveness in the future from a desperate politician.

    One thing they absolutely need to do is repeal the ban on being able to discharge student loan debt in bankruptcy. Right now, there is literally almost no way for people get rid of debt if they made a mistake in choosing a field. I know people my age who have over 100,000$ in student loan debt and have been put on income based repayment since they are working minimum wage jobs. They will be debt slaves the rest of their lives, which is completely insane.


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