Ben S asked:
President Bush is allowing home owners with hundreds of thousands of dollars in equity to skate on defaulting mortgages while student loan holders struggle with bad job markets and falling economies. Tenas of thousands of dollars in interest rack up, but Bush only cares about the home owners with cribs and baby carriages. Jobs are leaping abroad, but student loan interest accrues no matter what. If you could get the same rollback mortgage owners are getting, which is the same debt at the original terms, could you pay it off now? Why isn’t that happening?
Gary
President Bush is allowing home owners with hundreds of thousands of dollars in equity to skate on defaulting mortgages while student loan holders struggle with bad job markets and falling economies. Tenas of thousands of dollars in interest rack up, but Bush only cares about the home owners with cribs and baby carriages. Jobs are leaping abroad, but student loan interest accrues no matter what. If you could get the same rollback mortgage owners are getting, which is the same debt at the original terms, could you pay it off now? Why isn’t that happening?
Gary
Gerald
Ohhh man…
i still couldn’t afford it
i went to a really expensive private university..in DC, of all places..
the economy is terrible right now, and i’m looking for a job.
another reason I don’t like Bush!
Comment by Twisted Pink — January 6, 2010 @ 10:48 pm
Dennis
Better question, if people only got student loans for actual education and not thousands of dollars over that, could they pay them off?
Comment by Pojo — January 8, 2010 @ 2:24 am
Sean
Because the student loan system is set up so that the poor pay much more an education than the middle class or upper class…..Yes, financial aid in the forms of loans is more than the amount of grants.
No one cares about the poor in the US…..
Comment by cosmic_challenges_mom — January 9, 2010 @ 9:38 pm