flyingiguana Posted March 12, 2012 Share Posted March 12, 2012 http://moneyland.time.com/2012/03/07/student-loan-situation-is-worse-than-we-thought/?xid=gonewsedit "But maybe the most shocking statistic the New York Fed reported was that almost half of student loan borrowers are either deferring their student loan payments or are in forbearance. Almost 18% of borrowers had the same balance they had in the previous quarter, and 29% saw their overall balance increase thanks to either added student loans or accruing interest on the balance." Quote Link to comment Share on other sites More sharing options...
Harriet Vane Posted March 12, 2012 Share Posted March 12, 2012 Thanks for sharing. I have long thought that student loans are the next financial bubble. Quote Link to comment Share on other sites More sharing options...
4everHis Posted March 12, 2012 Share Posted March 12, 2012 I worked for 2 professionals in the early 90's that had graduated in 1980. Neither had made a single payment towards their school loans as of 1995. When I say professional think attorney/doctor type professional. I can't imagine that mulitiplied out over the years. I agree that this bubble is getting ready to burst in our faces.:confused: Quote Link to comment Share on other sites More sharing options...
memphispeg Posted March 12, 2012 Share Posted March 12, 2012 And to think my dh and I were "foolish enough" to bust our tails and pay them off in 2 years??!! Quote Link to comment Share on other sites More sharing options...
4everHis Posted March 12, 2012 Share Posted March 12, 2012 And to think my dh and I were "foolish enough" to bust our tails and pay them off in 2 years??!! I'm sure it means abosolutley nothing to you that I, a stranger, am totally proud of you for doing that. What integrity and character you two have!:) Quote Link to comment Share on other sites More sharing options...
Leonor Posted March 12, 2012 Share Posted March 12, 2012 And to think my dh and I were "foolish enough" to bust our tails and pay them off in 2 years??!! So did we. Paid off all my law school loans within 5 years. Quote Link to comment Share on other sites More sharing options...
Mama Geek Posted March 12, 2012 Share Posted March 12, 2012 We paid ours off shortly after finding out that we made to much money to have the interest on the loans be tax deductible. It was within 5 years as well. Quote Link to comment Share on other sites More sharing options...
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