Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (111702)	3/28/2012 8:20:14 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

You may be right, but that is the consequence of making the Federal Government the one you guarantees all school loans. If this was left to private industry, then banks would lend to those who were capable of paying back the loan, which means they would have required the PARENTS to co-sign the loan. That's how it was done back in my day. Since my parents couldn't get enough loans to put me through school, I often had to work 30 hours a week as well as carry a full credit load to make it through. I did it with work, loans, scholarships, and sweat. Nowadays, since the gov't backstops everything, the loan to students have gone through the roof...$1 trillion in school loans at last count and non of it dischargeable in bankruptcy. Our gov't is finding every way possible to destroy the future of our children. Borrowing from their future to give Entitlements to the old people and saddling the young with debts so large, they can never pay them back, but not allowing them to discharge them in bankruptcy. It is criminal what we're doing to the young people today.