Student debt bubble officially pops as 90+ day delinquency rate goes parabolic. Unlike housing, where the lender can at least take back the house and resell it, there is nothing to recover from junior’s $100k degree in Marxist Nonsense. But, don’t worry – student loans are not dischargable in bankruptcy so junior will spend the rest of his life, if need be, paying it back – assuming he ever gets a job. Boom!

student loan defaults parabolic

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25 Comments on "Student debt bubble officially pops as 90+ day delinquency rate goes parabolic"

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Member
Fenster314
November 27, 2012 11:33 pm

Like the underwater mortgages, like the debt to China, this will also be solved by a (hopefully) managed inflation. If you have a nest egg or expect to retire soon, this would be a good time to buy real estate.

Member
I'm With STUPID
November 27, 2012 11:52 pm

Need to know info in this situation. The last point is the most informative at the end of the article.

5 Reasons the Student Loan Crisis is Nothing Like the Mortgage Crisis. Marc Prosser

http://www.forbes.com/sites/marcprosser/2012/08/22/student-loan-crisis/

Guest
November 28, 2012 5:50 pm

From the Forbes article: “….the balance of federal student loans has grown by more than 60 percent in the last five years. While the increase in student loans has helped many people go to college that would not have been able to otherwise, it has also allowed universities to increase tuition fees dramatically. ”

Even the Marxist bastions of academia can’t resist the free market.

Member
poppajoe49
November 28, 2012 7:33 pm

Academia greed?

Member
Big Al
November 28, 2012 6:27 am

If each of these recipients would get 8 or more part-time jobs they could pay off their debt in no time.

Member
jcrowley1985
November 28, 2012 6:33 am

Time for a revolution to overthrow Corporate Greed.

Member
poppajoe49
November 28, 2012 7:10 am

So, what was your major?
Why can’t you get a job?
Don’t tell us you blew all of mommy and daddy’s money on some stupid liberal arts degree.

Member
Karmaa
November 28, 2012 7:34 am

Probably marketing. That’s probably how he got the job as a census taker. I bet they required a minimum of a BA, lol. I once saw an administrative assistant government job that REQUIRED a masters degree – but preferred a PhD. Whomever they hired was probably as educated as a HS graduate from 30 years ago!

Seriously, I take classes and it is absolutely amazing how unintelligent and uneducated some of these grad students are! Many of them can’t even form a proper, coherent sentence. Shouldn’t that be a requirement for even an undergrad student? It’s pretty shameful.

Member
ooddballz
November 29, 2012 4:18 am

Many of them can’t even form a proper, coherent sentence. Shouldn’t that be a requirement for even an undergrad student?

I do believe that being unable to even form a proper, coherent sentence IS a requirement for even an undergrad student.
Otherwise they might think for themselves, and we simply CANNOT have that now, can we?

Member
Not so silent
November 28, 2012 8:16 pm

Creep Crowley’s major was Transgender dwarf studies with a minor in Lark Scooters and Overweight women who drive them.

Member
November 29, 2012 4:17 am

Hey John,

Ron Paul is tired of supporting you.

Member
I'm With STUPID
November 30, 2012 12:46 pm

YOU HAVE TO WRITE IN BOLD *AND* ALL-CAPS, DAMMIT!!!!!!

AND *NO* PUNCTUATION!!!

(EXCEPT FOR MULTIPLE EXCLAMATION POINTS!!!!!!)

AND LOTS OF “……”!!!

AND DON’T FUCKING BOTHER ABOUT PARAGRAPHS …. OR EVEN RUN-ON SENTENCES ….. OR SENTENCE FRAGMENTS …. ITS ALL GOOD!!!!!!!!

AND THE ‘BITCHEZ’!!!! NEVER FUCKING FORGET TO ADD ‘BITCHEZ’!!!!!!

Member
deepthinker
November 28, 2012 8:57 am

Looks like all those post graduate barry jobs are not there. Yet the foolish youth follow the pied piper all the way to the end.

Member
Progressive Hemrrhoid
November 28, 2012 2:35 pm

And a good portion of these idiots voted for “Dear leader” because they thought he was going to forgive their loans. Suckers!!!!!!!!

Member
xgman
November 28, 2012 6:04 pm

Trust Obama. He will take care of us.

Member
poppajoe49
November 28, 2012 7:35 pm

You need to put the little /sarc notation in your posts like that so we know you are being sarcastic.

Member
I'm With STUPID
November 29, 2012 4:08 am

In Which I Agree With John Quiggin: Markets are prone to crash, sometimes catastrophically
http://www.thedailybeast.com/articles/2012/11/27/in-which-i-agree-with-john-quiggin.html

Member
I'm With STUPID
November 29, 2012 5:51 am

Too many times the federal government creates a crisis only to be the proposed solution to fix the crisis that was its own creation. The American people allow this to continue and in fact reelect those phony leaders to continue cronyism. There are no checks and balances only checks made out for campaign support and checks made to kickbacks.

Member
I'm With STUPID
November 29, 2012 4:44 am

Jindal’s education reform offered 5,600 vouchers to impoverished students. 10,300 families applied in first year alone. http://www.nola.com/opinions/index.ssf/2012/11/education_reform_heads_to_the.html

Guest
KimmyQueen
November 29, 2012 12:58 pm

Interesting. Just a few days ago I was watching my student loan stuff and i was ecstatic in a couple of more years I am prettymuch done. A lot of the people that take out student loans do not actually need it and use it for crap. It is selfish because that money could ahve been used bys omeone who actually would have used it for educational purposes.

Member
I'm With STUPID
November 30, 2012 9:06 am

Student loan program. When no one can afford to go to college, tuition will drop like a rock and profs will actually teach!

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