Originally Posted by
Pielut
I think this is dead on. There is a major credit and Student Loan bubble out there. No jobs for new grads and the jobs they can get do not pay enough for the loan payments. This is going to be a major problem.
I'm not debating that. But do you not find it more than just coincidental that the uptick in late student loan payments begins exactly when OWS hit the streets. I think it's far more than mere coincidence, I think it's those clowns who all think their debt should be wiped clean simply not paying out of "principle".
I know a friend of a friend - just finished anesthesia school & owes something like $175K in student loans - she thinks she shouldn't have to pay it - she genuinely believes she is owed any education she wants. She makes just shy of $200K now and thinks she shouldn't pay her loans off. Scary.