7 Million People Haven't Made A Single Student Loan Payment In At Least A Year

[Darwin333]

In other words, it's not in the Constitution like you previously stated; nothing in the Constitution prohibits debtors prison, but you are basically saying "yea, it isn't actually in there, but that's what they really mean because I can't admit that I am obviously wrong." Perhaps you need to take a step back and base your statements on reality instead of the ever-evolving fiction you are creating.

Thirteenth Amendment to the US Constitution. Try again, thanks.

 

[Sonikku]

I hear it's even worse in most European countries. Most haven't made a student loan payment in decades. :hmm:

 

[disappoint]

So....student loan bubble?

 

[Zorkorist]

You're approved, Dissapoint.

$10,000 per semester, up to 4 semesters, per year.

26% interest is okay, right?

The school charges $9,999 per semester, that's okay, right?

-John

 

[MongGrel]

Here's the source of the graph:
http://www.demos.org/publication/pu...myth-and-reality-crisis-college-affordability

Apparently the author calculated the chart using Delta Cost Project data located here:
http://www.deltacostproject.org/delta-cost-data

 

[OverVolt]

Thirteenth Amendment to the US Constitution. Try again, thanks.

Haaaaaah...

Yes there is no debtors prison.

Garnishing your income for life is the next best thing!

 

[Blue_Max]

Haaaaaah...

Yes there is no debtors prison.

Garnishing your income for life is the next best thing!

It depends on the debt. Child support delinquency = prison. (Good luck getting child support money if he can't work!)

 

[disappoint]

Bloody tosser. After tossing all those to the floor I'd put a can of his favorite food on the table. Whatcha gonna do now cheeky wise and beautiful woman?

 

[Exterous]

They all live in luxury buildings with luxury sports centers and luxury classrooms and luxury bars with luxury food. I have joked that keggers are probably getting craft beer now. Busch or old Milwaukee or hamms is way too low end for luxury students on luxury loans.

And don't forget to check or the luxury administration with luxury diversity officers and luxury dean's of every school with luxury offices in luxury buildings.

The place I work at works very closely with a number of world renowned college campuses and, having spent a lot of time on these campuses, I can assure you that that this is not completely true. I should be onsite in the next day or two and could take some pictures of the decidedly NOT luxury offices in decidedly not luxury buildings.

There are a number of old buildings that Universities spend millions extra on to to try and keep up to code and maintain as research space for the ever changing needs of a research university. Are there some nicely furnished spaces? Absolutely but it has been my experience with the Universities we work with that luxury is not found

Cheap loans has only led to collages raising their rates. The system is broken and needs a huge overhaul.

Something interesting that I have run across is that public universities will often charge double or triple the rate to out of state students. UofM and MSU cost about $30,000 more per year for out of state students yet almost half of their enrollment is willing to pay that additional fee

 

[unokitty]

... Something interesting that I have run across is that public universities will often charge double or triple the rate to out of state students. UofM and MSU cost about $30,000 more per year for out of state students yet almost half of their enrollment is willing to pay that additional fee

How foreign, out-of-state students pad UC’s shrinking budget

In-state tuition is $12,804 per year, and about 55 percent of in-state students are low-income and pay no tuition, while out-of-state and international students pay an additional $24,024, for a total of nearly $37,000. The fees collected from out-of-state and international students totaled an estimated $620.7 million in the 2014-15 school year, less than 9 percent of the university’s $6.9 billion core budget, which covers teacher salaries, benefits and financial aid.

Fewer Californians at Cal
In 2007, 2.6 percent of Cal’s student body wasn’t from the United States. That number climbed to 12.3 percent last year. Student enrollment from other U.S. states nearly doubled during the same time period, from 6 to just under 12 percent.

Meanwhile, the flagship campus recorded the smallest percentage of California residents out of nine UCs last year — about 76 percent...

Some worry that the higher-ranked campuses could follow other lauded public universities — such as the universities of Michigan, Colorado and Wisconsin — where non-residents accounted for 38 to 40 percent of enrollment in fall 2013, the most recent year data is available.

“Increasing out-of-state residents hurts the system and it hurts access,” said Assemblyman Kevin McCarty, D-Sacramento. “Lower-class families are feeling the squeeze.”

Three observations:
Many state university students don't pay any tuition. (For example, according to the article above, 55% of California students don't pay tuition.)
Since universities have discovered that out of state and international students pay more, the number of out of state and international students is increasing.
Many students obtain loans to pay for their tuition, then default on those loans.

Three Questions
By replacing in state students with out of state students are states risking their political support? Stated differently, is it appropriate to ask the tax payers in California, Michigan, Colorado, and Wisconsin to pay more so that their state universities can educate more out of state and international students?

If you pay tuition at a California University, you are in a minority. Is it appropriate for that minority to subsidize the 55% that don't pay tuition?

With 7 million students not making a single payment on their 'student loan' is it possible that the primary beneficiary of the 'student loan' program isn't students but universities?

Just asking.
Uno