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WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!

 
Anonymous Coward
User ID: 28256524
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11/27/2012 08:25 PM
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WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
So what happens next?

You can't discharge student loan debt...




"...what will stun the general public are the two charts below, the first of which shows the amount of 90+ day student loan delinquencies, and the second shows the amount of newly delinquent 30+ day student loan balances. The charts speak for themselves...."


[link to www.zerohedge.com]
Anonymous Coward
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11/27/2012 08:58 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
afro
Anonymous Coward
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11/27/2012 09:05 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
5a
Anonymous Coward (OP)
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11/27/2012 10:00 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
It figured it out


There will be a big PR-push of how this is all going to come crashing down immediately, taking the whole economy with it

Then the blacks and Mexicans we be let out of their obligations because they're oppressed
Anonymous Coward
User ID: 1110734
United States
11/28/2012 04:33 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
If you're a bank, you can discharge trillons in debt by being bailed out. If you're a business, you can discharge bad debt as uncollectable or can claim bankruptcy. Ordinarily as an individual you can discharge debt this way on almost all loans except student loans. It makes zero sense.
Anonymous Coward
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11/28/2012 04:37 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
Tuition got so high because of the gov. lending kids whatever they need. Credit cards companies have been feeding off of them for a long time also.

It's going to be a cold winter for us all by the looks of it.
Anonymous Coward
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11/28/2012 05:33 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
It figured it out


There will be a big PR-push of how this is all going to come crashing down immediately, taking the whole economy with it

Then the blacks and Mexicans we be let out of their obligations because they're oppressed
 Quoting: Anonymous Coward 28256524


They can say anything they want as long as they cancel my $65k of debt. The good thing in all this is that no more frivolous lending will take place. That will decrease the number of people going to college, thus making college degrees valuable again.
Anonymous Coward (OP)
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11/28/2012 11:21 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
bump
Anonymous Coward
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11/28/2012 11:30 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
Went into default when maximum forebearance was reached... My wages are being garnished and I make min wage.

I double majored in Science and held a 4.0. I would gladly repay, but since I can barely find work to support food and shelter, that isn't going to happen any time soon. Especially since they are taking 25% of 7.75 now.
Anonymous Coward
User ID: 28659966
Australia
11/28/2012 11:42 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
you don't have to start paying them back here untill after the first year you earn above

$40, 000.
Anonymous Coward
User ID: 24842937
United States
11/28/2012 11:43 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
let's bail 'em out!
Anonymous Coward
User ID: 28544505
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11/28/2012 11:46 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
LOL.. oh LOOK another BUBBLE!!

so we have had, tech, dot com, housing and now school loans.. what else can the government put their filty fuckin hands on to blow another bubble and rope all you dopes into "needing it"?

pay more attention to life and less to socialist / communist indoctrination and you will be further ahead.
PCTPrepper

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11/28/2012 11:59 PM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
They'll just cancel out the bubble with Bernanke's unlimited printing press of QE. He'll print the money for Sallie Mae defaulted loans. And after Sallie Mae gets paid back with free money from the Fed they'll still go after the original debtor to collect. Anything paid back by the original debtor will be pure profit. Quite a nice business model eh?
“We are not enemies, but friends. We must not be enemies. Though passion may have strained, it must not break our bonds of affection. The mystic chords of memory will swell when again touched, as surely they will be, by the better angels of our nature.”

- Abraham Lincoln
Anonymous Coward
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11/29/2012 12:30 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
No jobs no pay! My wife owes 40k and can't find a job so we said go pound sand! I hear if you get a job and don't check the student loan box they can't take out of your check? The gov loans are all to keep everyone in perpetual debt so they are so busy paying they can't think outside of the box. Oh no my credit report looks bad now what!!! I will never borrow a dime from the slave pushers again EVER! peace
LightOfZen

User ID: 28660536
United States
11/29/2012 12:34 AM

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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
They'll just cancel out the bubble with Bernanke's unlimited printing press of QE. He'll print the money for Sallie Mae defaulted loans. And after Sallie Mae gets paid back with free money from the Fed they'll still go after the original debtor to collect. Anything paid back by the original debtor will be pure profit. Quite a nice business model eh?
 Quoting: PCTPrepper


^ ^ ^ THIS ^ ^ ^
Anonymous Coward
User ID: 1043775
United States
11/29/2012 12:36 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
I have a feeling this happens every year around Christmas....
Anonymous Coward
User ID: 22733536
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11/29/2012 12:37 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
okay all i want to know is when this economny is going to super crash, ww3 to start and december 21 to come to see if i turn 4d or not.
Devoted Follower
User ID: 28055738
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11/29/2012 12:38 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
abomb

dead3

Dinners done!

Come and get it!

5a
Anonymous Coward
User ID: 12123001
United States
11/29/2012 12:41 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
They'll just cancel out the bubble with Bernanke's unlimited printing press of QE. He'll print the money for Sallie Mae defaulted loans. And after Sallie Mae gets paid back with free money from the Fed they'll still go after the original debtor to collect. Anything paid back by the original debtor will be pure profit. Quite a CROOKED business model eh?
 Quoting: PCTPrepper


I thought maybe you misspelled a word. Sorry. I'm anal that way.

:D
Anonymous Coward
User ID: 26826431
United States
11/29/2012 12:41 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
So what happens next?

You can't discharge student loan debt...




"...what will stun the general public are the two charts below, the first of which shows the amount of 90+ day student loan delinquencies, and the second shows the amount of newly delinquent 30+ day student loan balances. The charts speak for themselves...."


[link to www.zerohedge.com]
 Quoting: Anonymous Coward 28256524


Ha! no worries, mate.

Obama will save us all!

ohappy
Anonymous Coward
User ID: 28691224
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11/29/2012 12:53 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
Went into default when maximum forebearance was reached... My wages are being garnished and I make min wage.

I double majored in Science and held a 4.0. I would gladly repay, but since I can barely find work to support food and shelter, that isn't going to happen any time soon. Especially since they are taking 25% of 7.75 now.
 Quoting: Anonymous Coward 23639945


With a 4.0, you could have gotten into medical school.
Anonymous Coward
User ID: 24210762
United States
11/29/2012 12:55 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
I defaulted years ago. Life went on, havent worked and wont. On strike.
Burt Gummer

User ID: 7702124
United States
11/29/2012 12:55 AM

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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
So what happens next?

You can't discharge student loan debt...




"...what will stun the general public are the two charts below, the first of which shows the amount of 90+ day student loan delinquencies, and the second shows the amount of newly delinquent 30+ day student loan balances. The charts speak for themselves...."


[link to www.zerohedge.com]
 Quoting: Anonymous Coward 28256524



No JOBS.....therefore....no paying off of loans.


Well done Obama drones. thumbs
The collapse has begun in earnest.


depress hopechg

Last Edited by Useless Cookie Eater on 11/29/2012 12:56 AM
Anonymous Coward
User ID: 1043775
United States
11/29/2012 12:55 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
I defaulted years ago. Life went on, havent worked and wont. On strike.
 Quoting: Anonymous Coward 24210762


You mean on welfare?
thedude2888
Caesar

User ID: 27819190
United States
11/29/2012 01:05 AM

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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
Carl Jung's The Red Book;; take over of interplanetary odds through ancient psychic ability.

The geniuses conspired to destroy the world, Existentials, religious texts, ann rand//john galt, superman has access to archives. etc.

condition of love non satisfactory, judgement, benign and illegitimate.

leaders sent to rule over planet turned away in favor of deception, Socrates poisoned, Jesus killed, the enlightened turned to poverty.

spaceship overcrowded movement to new energy plan;; inevitable concepts of Utopia;; no way out, programming reaching peak information critical mass.

New beings on earth, move through art, across time and bring ideas to now;; interdimensional beings fight war, destroy pitiful human interdimensional time travel, massive wave of frequencies and spells concerning too many souls overload God particle, God is perceivable for a moment of beauty until wisdom collapses program and machine resets without finishing because cannot self terminate. self achieve machine is anomaly. many become anomaly old system can no longer contain program sets.

Intentions become edgy, break free unto the war descends upon purgatory and even the lower levels of heaven feel the burn.

Blood of Ra, wrath of the sun, return to Him Isis less the chains of flesh burn away.
Nothingness
T-1000
User ID: 18959534
United States
11/29/2012 01:11 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
If you're a bank, you can discharge trillons in debt by being bailed out. If you're a business, you can discharge bad debt as uncollectable or can claim bankruptcy. Ordinarily as an individual you can discharge debt this way on almost all loans except student loans. It makes zero sense.
 Quoting: Anonymous Coward 1110734


It makes plenty of sense...

War is coming...

They will have a generation of willing debt slaves to fight it for them.
Anonymous Coward
User ID: 990186
United States
11/29/2012 01:14 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
I have a feeling this happens every year around Christmas....
 Quoting: Anonymous Coward 1043775


If you feel that, it means you didn't look at the chart because you are so wrong in your "feelings" that it makes one's head spin.
Desert FoxModerator
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User ID: 8786935
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11/29/2012 01:15 AM

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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
So what happens next?

You can't discharge student loan debt...




"...what will stun the general public are the two charts below, the first of which shows the amount of 90+ day student loan delinquencies, and the second shows the amount of newly delinquent 30+ day student loan balances. The charts speak for themselves...."


[link to www.zerohedge.com]
 Quoting: Anonymous Coward 28256524

They are expecting Obummer to take care of them.
TOMABANEFOX
Anonymous Coward
User ID: 1043775
United States
11/29/2012 01:43 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
I have a feeling this happens every year around Christmas....
 Quoting: Anonymous Coward 1043775


If you feel that, it means you didn't look at the chart because you are so wrong in your "feelings" that it makes one's head spin.
 Quoting: Anonymous Coward 990186


LOL... I love that you guys see a chart but don't actually read the values. From this time last year it has gone up a whopping 2%... and holy shit 2.5% in the last 2 years. It's definitely time to panic.

ahhh
Anonymous Coward
User ID: 961432
United States
11/29/2012 01:55 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
Tuition got so high because of the gov. lending kids whatever they need. Credit cards companies have been feeding off of them for a long time also.

 Quoting: Anonymous Coward 25020296


Someone gets it. All this credit just drives prices higher and higher, why do you think the banks are always pushing down the prime rate via the central bank? There is a very small pool of "qualified" people to take on loans, so they have to lower their lending standards to sell more loans.

They lower lending standards so they can get new loans for the fees, and then pass the real risk/liability off onto pension funds, money markets, etc via derivatives.

What a complete scam of an eCONomy we have.
Anonymous Coward
User ID: 28633035
United States
11/29/2012 03:09 AM
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Re: WTF? 90-Day Chart Of Student Loan-Defaults Goes Parabolic!
If you're a bank, you can discharge trillons in debt by being bailed out. If you're a business, you can discharge bad debt as uncollectable or can claim bankruptcy. Ordinarily as an individual you can discharge debt this way on almost all loans except student loans. It makes zero sense.
 Quoting: Anonymous Coward 1110734


It makes plenty of sense...

War is coming...

They will have a generation of willing debt slaves to fight it for them.
 Quoting: T-1000 18959534


no they won't bad credit reports preclude people from enlisting )

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