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Student-Loan Delinquencies Now Surpass Credit Cards

Discussion in 'Political Discussion' started by PatriotsReign, Nov 29, 2012.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

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    #18 Jersey

    Student loan delinquencies now surpass 11%.....Holy crap!

    I don't think it should be a surprise though. With college education costs rising exponentially vs. inflation and the fact that college grads are having a difficult time finding jobs, it was inevitable.

    Sadly, with little improvement in the employment picture on the horizon, expect the rate of delinquency to keep rising.

    And no, we don't need a federally funded program to bail out these students.

    Student-Loan Delinquencies Now Surpass Credit Cards - US* Business News - CNBC
     
    Last edited: Nov 29, 2012
  2. Nunchucks

    Nunchucks In the Starting Line-Up

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    Unlike credit card debt, you cannot wait away what you owe in student loans. the money gets paid eventually.
     
  3. IllegalContact

    IllegalContact Pro Bowl Player

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    I wonder what the degree program demographics are......

    of course we won't find out, because it would risk the libbie getting 200k for a degree in anthropology
     

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