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

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.

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.

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.

bump

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.

you don't have to start paying them back here untill after the first year you earn above

$40, 000.

let's bail 'em out!

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.

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?

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!

^ ^ ^ THIS ^ ^ ^

I have a feeling this happens every year around Christmas....

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.

Dinners done!

Come and get it!

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

:D

Ha! no worries, mate.

Obama will save us all!

With a 4.0, you could have gotten into medical school.

I defaulted years ago. Life went on, havent worked and wont. On strike.

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


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




Last Edited by Useless Cookie Eater on 11/29/2012 12:56 AM

You mean on welfare?

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.

It makes plenty of sense...

War is coming...

They will have a generation of willing debt slaves to fight it for them.

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.

They are expecting Obummer to take care of them.

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.

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.

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