Boomer student loan crisis = higher ed reform within 5 years
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Date: September 15th, 2014 12:32 PM Author: mischievous school cafeteria
A linked chart says:
While those 65 and older account for a small fraction of the total amount of outstanding federal student debt, the outstanding federal student debt for this age group grew from about $2.8 billion in 2005 to about $18.2 billion in 2013.
The article says:
The debt among older people is up substantially, to $43 billion from $8 billion in 2005, according to the report, which is based on data from Equifax, the credit reporting agency.
More than 80 percent of the outstanding balances are from seniors who financed their own education, the G.A.O. report concluded, and only 18 percent were attributed to loans used to finance the studies of a spouse, child or grandchild.
LJL at boomers. $43 billion in debt, $14.5 billion of which is for their own education. Does the $25 billion other debt include mortgages and car loans, or is that all just credit card debt?
(http://www.autoadmit.com/thread.php?thread_id=2675200&forum_id=2#26332669) |
Date: September 15th, 2014 6:17 PM Author: medicated indian lodge striped hyena
*discharges debt from the five houses he tried to 'flip'*
*goes to law school at 45*
(http://www.autoadmit.com/thread.php?thread_id=2675200&forum_id=2#26334424) |
Date: September 16th, 2014 9:36 AM Author: startled coral range dysfunction
"The woman, who is from Citra, Fla., discovered that the deduction from her benefits was to repay $3,000 in loans she took out in the early 1970s to pay for her undergraduate degree."
how in the living fuck is this not flame?
(http://www.autoadmit.com/thread.php?thread_id=2675200&forum_id=2#26338238) |
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