"I've got a college degree but I still can't find a job"Whats your degree
in?"Pre-Colombian left handed African lesbian studies"
-Curt
From: Scott Ritchey via Mercedes <mercedes@okiebenz.com>
To: 'Mercedes Discussion List' <mercedes@okiebenz.com>
Cc: Scott Ritchey <ritche...@nc.rr.com>
Sent: Wednesday, January 18, 2017 4:56 PM
Subject: Re: [MBZ] OT Student Loans, was Stealers
True that. Student loans are not discharged by bankruptcy. Also, speaking
from firsthand experience (idiot grandson#2) these loans are handed out with no
regard for scholastic ability or likelihood of repayment. The interest rates
are obscene (3.76-6.31%) for today's environment. And these loans are
guaranteed by the government (that's us) so the lenders can't lose, just like
the home loans underwritten by Fannie May and Freddie Mac or bundled and sold.
Is this a big and growing problem? Just look at the data:
https://fred.stlouisfed.org/series/FGCCSAQ027S
I haven't been a student in a civilian university since the 80s so I don't
really know what goes on there. But it's easy to conclude from many, many
reports that the liberal arts colleges have become the cesspool of higher
education.
Scott
> -----Original Message-----
> From: Rick Knoble via Mercedes
>
> There is two ways of discharging student loan.
> Pay it.
> Die.
> The student loan millstone around the necks of our youth is going nowhere
> soon. More than likely, as aging boomers pass, their estates will be used
> (garnished?) to pay off their children's student loans.
>
> Rick
>
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