“61 percent of folks with a student loan are not paying,” notes Andrew Gillen, Ph.D., of the Center for College Affordability and Productivity. Many of the non-payers are still in school, but many others have long since graduated, but are failing to make payments on their student loans.
“To give you sense of how unhealthy this is, consider that after the worst housing price crash in our history, 28% of mortgages were underwater.”
In short, it looks like there is a huge higher education bubble about to explode in taxpayers’ faces.IT'S NEARLY A TRILLION DOLLARS. AND BECAUSE OF THE OBAMA RECESSION, MANY GRADUATES ARE OUT OF WORK AND CAN'T PAY THEIR LOANS BACK.
THE SOLUTION IS SIMPLE: WE NEED ECONOMIC GROWTH.
TO GET THAT, WE NEED TO TOSS OBAMA AND THE SOCIALISTS OUT.
VOTE ACCORDINGLY.
To a certain extent, I agree. Sure the hard economic times are making it impossible for some to pay back their student loans at this time, but many are waiting to see if Obama comes up with some plan to bail them out and for the tax-payers to pick up their tab and some feel they were owed this and view it more as an entitlement that need not be repayed. You are right about BHO, we must make him a one-term president because if he is reelected he never will have to answer to the voters again and this ultra-extremist will burst onto the stage in 2013 and destroy this nation. He needs to be sent packing back to chicago or where ever he came from.
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