More college graduates are delinquent on repaying student loans

[marmar]

Reporting from Washington — Tasha Younger has been one of the hidden statistics in the growing number of graduates and former students overburdened with education loans.

The 38-year-old mother of two — still trying to pay off her loans a decade after quitting nursing school — has been delinquent on her monthly payments but never in default.

Statistics typically show how many students simply fail to make payments. But a recent survey has found that for every person who defaults on student loans, at least two more are like Younger: late or short on payments.

In Younger's case, she was late for a few months and then was able to make interest-only payments for a while, which extended the term of the loans. ............(more)

The complete piece is at: http://www.chicagotribune.com/business/la-fi-student-loan-20110423,0,3642394.story

[octothorpe]

1. Oh, we're supposed to repay those?

oops.

[handmade34]

2. ...

would be so much easier to return the degrees we can't use!

[white_wolf]

3. I say we abolish all student loan debts and may state university

education free for everyone. Society benefits from an educated populace far more than it does from an uneducated one.

[Juche]

5. It isn't that expensive either

If you have 15 million people in college, and give them each $6000 for annual tuition and fees that is 90 billion a year. Right now in this recession that is a big number but it isn't a huge number.

However if you are giving out free education I think something other than academics in pursuit of a degree would be better. What I'd love to see is free community education courses in subjects like critical thinking, rhetoric, debate, interpersonal communication, international events, introspection, home/auto maintenance, health maintenance, etc. That could be done fairly cheaply and available to all who want in.

[white_wolf]

6. I'm willing to bet our 3 wars are costing more than that per year.

[truedelphi]

8. + 1. n/t

[femrap]

4. Eliminating Student Loans from Bankruptcy....

thank you Joe Biden (2005) was the noose around the neck of Americans who believed in HOPE!!!!!!!!!!!!!!!!!!!!!

What a joke......HOPE.

We are so over.....such toast. Done. Burnt. Declined....as in Empire.

I wouldn't advise anyone to go into debt for education.......just go to the Library and learn like Abraham Lincoln did. Get it?

[truedelphi]

7. Aggree with what you are saying -- except I feel the need to

Point out - in many areas of the nation, the libraries are all but shuttered up.