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Author Topic: Student Loan Debt Up 463% Under Obama  (Read 2988 times)

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Offline Dori

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Student Loan Debt Up 463% Under Obama
« on: November 05, 2013, 09:42:14 PM »
Student Loan Debt Owed to Federal Government Up 463% Under Obama

"Since President Barack Obama took office in 2009, the amount of outstanding federal student loan debt owed to the government has skyrocketed, increasing by 463 percent. The balance owed currently stands at $674,580,000,000.00 compared to $119,803,000,000.00, where it stood in January 2009, according to the Financial Management Service’s latest monthly treasury statement.

Direct federal student loan spending began to rise rapidly in fiscal year 2010, when the Health Care and Education Reconciliation Act – one of the two laws that make up Obamacare -- gave the federal government complete control over federal loans for education"
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Offline thundley4

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Re: Student Loan Debt Up 463% Under Obama
« Reply #1 on: November 05, 2013, 09:51:29 PM »
Coincidentally, unemployment and underemployment of college grads are also way up under Obama.  No jobs, they can't pay their loans.
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Offline marv

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Re: Student Loan Debt Up 463% Under Obama
« Reply #2 on: November 05, 2013, 10:30:41 PM »
Here comes another bailout, they'll forgive all or part of the student loans....and the kids still won't have more than part time jobs at best. Imagine that!
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Offline freedumb2003b

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Re: Student Loan Debt Up 463% Under Obama
« Reply #3 on: November 05, 2013, 10:42:04 PM »
Hmmm..

I guess I am Old School.

In my day, when you signed a promise to pay back a loan for school, it was a promise to pay back a loan for school.  And I paid it back.  Because, you know, it was a promissory note.  To pay it back.

Damn, how stupid was I?  I could have just kvetched about how unfair it was that I should fulfill the promises I made. 

Like mortgages and car loans, student loans should only apply based on the convenience of the borrower.  Because promises to pay are only binding on... no one, I guess.

Am I the only one confused on this "student loan crisis?"
 
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Offline obumazombie

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Re: Student Loan Debt Up 463% Under Obama
« Reply #4 on: November 06, 2013, 01:26:58 AM »
Another very expensive vote buying scheme. The ones not getting their votes bought will be forced to pay for it.
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Offline Purple Sage

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Re: Student Loan Debt Up 463% Under Obama
« Reply #5 on: November 06, 2013, 08:40:19 AM »
Thankfully, it didn't work for Carter.  Brainwashing should be free you know!
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Offline Celtic Rose

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Re: Student Loan Debt Up 463% Under Obama
« Reply #6 on: November 06, 2013, 10:21:30 AM »
Quote from: freedumb2003b on November 05, 2013, 10:42:04 PM
Hmmm..

I guess I am Old School.

In my day, when you signed a promise to pay back a loan for school, it was a promise to pay back a loan for school.  And I paid it back.  Because, you know, it was a promissory note.  To pay it back.

Damn, how stupid was I?  I could have just kvetched about how unfair it was that I should fulfill the promises I made. 

Like mortgages and car loans, student loans should only apply based on the convenience of the borrower.  Because promises to pay are only binding on... no one, I guess.

Am I the only one confused on this "student loan crisis?"
 

Ahh, but don’t you know that that BA in Women’s Studies was supposed to reward them with a high earning managerial position.  Why should they start at the bottom, they are too good for an entry level job.  If they had the job they deserved, it would be easy to pay back their loans, but since they can only find a job at Starbucks, the student loan program is unfair.
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Offline Splashdown

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Re: Student Loan Debt Up 463% Under Obama
« Reply #7 on: November 06, 2013, 10:23:45 AM »
And all these 20-somethings voted for this asshole.

Eff 'em.

:ownit:
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Offline Maxiest

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Re: Student Loan Debt Up 463% Under Obama
« Reply #8 on: November 06, 2013, 11:30:23 AM »
My significant other just finished her Bachelors this year.  Her loans don't kick in until next year, we will be paying them. 
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