Bernie's helping hand
Posted: Tue May 03, 2016 2:51 pm
Vermont House asks Congress to let students file for bankruptcy
MONTPELIER, Vt. – With national student loan debt tripling to more than $1 trillion over the past decade and Vermont’s graduates stuck with the highest debt-to-earnings ratio, state lawmakers are urging Congress to let students file for bankruptcy.
J.R.H. 27 highlights sobering statistics illustrating the scope of problem. Nationwide, almost 7 million student loan borrowers, or 17 percent, are in default as of summer 2015. This is up 400,000 defaults, or 6 percent, compared to 2014. Student loan debt tripled between 2005 and 2015, rising to $1.19 trillion, according to the Federal Reserve Bank of New York’s Consumer Credit Panel.
http://www.foxnews.com/politics/2016/05 ... cmp=hplnws
Old Pudfark sez: " Ya don't have to go 'in debt'....to see the obvious here. "
MONTPELIER, Vt. – With national student loan debt tripling to more than $1 trillion over the past decade and Vermont’s graduates stuck with the highest debt-to-earnings ratio, state lawmakers are urging Congress to let students file for bankruptcy.
J.R.H. 27 highlights sobering statistics illustrating the scope of problem. Nationwide, almost 7 million student loan borrowers, or 17 percent, are in default as of summer 2015. This is up 400,000 defaults, or 6 percent, compared to 2014. Student loan debt tripled between 2005 and 2015, rising to $1.19 trillion, according to the Federal Reserve Bank of New York’s Consumer Credit Panel.
http://www.foxnews.com/politics/2016/05 ... cmp=hplnws
Old Pudfark sez: " Ya don't have to go 'in debt'....to see the obvious here. "
You're the one who advocated here...that 'indebtedness' and a 'college degree' went foot n mouth.... Yer "brighter collective national future" has resulted in....a 'Collage Degree with EBT as a major and DEBT as a minor'. Your reasoning? "Well educated/low information, unemployed, non-contributing folks...to be added as voters to the Demturd party"....this will make america great again.