A big problem came with Bush, making it so you couldn’t bankrupt student loan debt

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Nov 20, 2017
9:16:36am

KingDave Plexmaster

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KingDave

Previous username: (Private)
Bio page: KingDave
Joined: Oct 12, 2009
Last login: May 2, 2024
Total posts: 69,387 (20,636 FO)

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Messages

Author

Time

Crazy stat - in 2000 the total amount of student debt in the country was $300B.... today it's $1.3T

HarlemCoug Playmaker

11/19/17 11:33pm

That coincides with what I’d always heard, that tuition is inflating at 7% annually

KingDave

11/19/17 11:37pm

Why not raise tuition rates when the government backs student loans.

TheLoneCougar

11/20/17 7:34am

It started well before Obama

canofpicante

11/20/17 9:10am

A big problem came with Bush, making it so you couldn’t bankrupt student loan debt

KingDave

11/20/17 9:16am

Bankrutpcy laws are way too lenient

donnerstag

11/20/17 9:24am

Wouldn’t that become the trend with every other kind of debt?

shokupanmanbo

11/20/17 10:58pm

Most other debts are secured by collateral of some kind

donnerstag

11/21/17 6:33am

Valid point.

TheLoneCougar

11/20/17 9:59am

It was actually Clinton in October, 1997.

shokupanmanbo

11/20/17 10:53pm

Yeah, this is definitely Obama's fault. smh

ag4cougs

11/20/17 10:20am

He jumped on the guaranteed student loan bandwagon and increased the amount

TheLoneCougar

11/20/17 7:14pm

Agreed. The tuition increases won't stop until kids say they can't pay for it

buckeyeod

11/20/17 11:34am

A major problem is the cost of administration. New administrators are constantly

TailgateU

11/20/17 11:46am

Higher interest rates play a part.

spugeddy24

11/20/17 12:31am

He's scratchin Mike Rowe right were he itches. Very insightful.

cheezedawg

11/20/17 12:53am

Our society has failed in teaching kids what college should be.

TriggerWarning

11/20/17 12:57am

Most wouldn't go to BYU.

jlhazlewood

11/20/17 3:59am

BYU is an outlier because it's cost is on level with community college

WDaddy

11/20/17 6:48am

Government should get out of the student loan business

stev

11/20/17 1:51pm

Or borrow $80k to study dance theory & cry that the system wont hire you

Y4LYFE

11/20/17 6:39am

I know a guy that has another use for 80k.

TailgateU

11/20/17 7:01am

Or go to ASU out of state for a 100k debt load and a social work degree with starting pay at 30k

byuTX

11/20/17 6:07pm

<< Deleted >>

cvd6262

11/20/17 8:29am

I don't necessarily disagree with you but you're painting with too broad a brush

Gorgias

11/20/17 11:06am

RE: Crazy stat - in 2000 the total amount of student debt in the country was

bad84cougar

11/20/17 3:05am

Seriously incredible how affordable byu remains

cougfanz

11/20/17 3:11am

Part of this is the government's fault in backing student loans.

TheLoneCougar

11/20/17 7:35am

Like half of that is just mine

Slim

11/20/17 4:34am

Too many doctors

chilango

11/20/17 5:11am

You mean medical school tuition is now outrageous

swimbro

11/20/17 5:23am

Not enough docs. If there were too many, then medical care costs would fall.

TailgateU

11/20/17 11:38am

He makes some interesting points. Both guys seem really awkward on stage,

Game Changer

11/20/17 6:18am

Peter Thiel struggles as an orator but he's one of the best thinkers we have.

HarlemCoug

11/20/17 8:37am

I blame this squarely on the government

donnerstag

11/20/17 7:42am

This is simple: When the government becomes the primary payer in any system then

canofpicante

11/20/17 8:52am

Too easy government loans for certain degrees = one of the great financial

ArchbishopMitty

11/20/17 11:08am

Government should get out of the student loan business

stev

11/20/17 1:52pm

And tuition would be lower at most schools

swimbro

11/20/17 5:16pm

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