The expected restart of student-loan repayments later this year could add to pressure on younger borrowers, who are already falling behind on debt in an era of high inflation and rising interest rates..
In the fourth quarter, they fell behind on credit-card payments by 90 days or more at a rate similar to that in 2009, at the end of the financial crisis. Those borrowers also hold more than 54% of outstanding student-loan debt, New York Federal Reserve data show.
독일을 중심으로 유럽, 미국이 꼬레 민간인 사찰 문제 총공격하고 자국내 문제도 있다 이렇게. 기자 대 국정원 구도를 짜고 이길 때까지 싸우자
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The inequalities of the system are obvious! Silicon Valley Bank paid out bonuses just hours before seizure
How about end government subsidized education.... Government loans for education ballooned the cost of education. But more government subsidized stupidity isn't the answer to this. Own up to individual choices and pay back the money, and end government subsidized school loans.
Canceling debts? The Constitution has to be amended first on infringement of private contracts and obligations then you can talk about canceling debts. The President should have known. He’s a lawyer.
About time Congress holds higher education to reduce cost. Personally I'd cut the admin class by 50%. That's where the biggest increase in cost stems from. And legislate loans to a flat rate vs daily compound interest. I'm debt free but I worry about these young people's future
These young people need to learn that if you make a debt, you pay off that debt. If the taxpayer has to pay these loans off, these borrowers will believe any debt they accrue in the future will be paid for by taxpayers.
They have been conditioned to beleive they have no responsbility at all for paying off loans they signed up for
The average student loan payment is $300 a month. $10 a day. Drop the Hulu subscription. Delay a new iPhone and drink one less latte a week. You will somehow manage to repay YOUR debt rather than dumping it on your less privileged fellow citizens
You had three years of deferred interest. Three years. You could have been paying down the principal at a rapid rate to be better positioned for this. But nope. Many are waiting for daddy Government to swoop in.
Welcome to 'generation screwed' where you've been railroaded into a college that cost 6X what your parents paid, housing is unaffordable, your parents and grandparents leave you $32 trillion in debt to pay off, and they need to raise your taxes to fund their retirement. Enjoy!
Junk College Degrees -- at least Trump U gave their students refunds.
Pay your own student loans, I need to buy food and heat my home for my own family.
Second job bitches, that’s what I did. Suck it up.
Imagine both being smug about how much your college degree going to increase your lifetime earnings potential compared to those dumb blue collars while simultaneously crying powerty and demanding that people who could not afford college pay for yours anyway.
Then, if the blame lies anywhere other than the student, these colleges should be investigated for running a scam. They bill the education they provide as an investment that has greater returns but that's not the case.
If their problem was from having to pay their student debt, then they should be way ahead after 3 years of no payments. The fact they are even further behind, just proves the student debt is not the problem…they are their own problem. Just asinine overspending/poor budgeting.
That's how debt works for everyone. It is too bad that kids are fooled into the higher education scam.
Cry more losers.
Teaching this generation that they are not responsible for the consequences of their decisions - including signing Promissory Notes - is not healthy for society. But, it is consistent with the decay of the country's principles and obsession with buying votes with taxpayer money.
Surely they put money aside for this eventuality.......
Pay your debts, a**holes.
I guess 3 years of non payment is not enough
Pay your f*cking debts on your gender studies degree, useless deadbeats
So let’s increase the interest rates on the credit cards they used to stay afloat in pandemic/used bc corporate thieves price gauging! Gee! What Could Possibly Go Wrong?! Republicans will crash this economy AGAIN, then scream SEEEE vote for us! Then give tax breaks to their pals.
The government says everything is fine with low unemployment though🙄
This is BS!!! If you had a reprieve from your payments starting 3 years ago, how can you fall behind in your payments Grow up SNOWFLAKES!!
Lol too bad. Pay your debts.
Get a Job
You take a loan? Pay it back like every American generation before you! You want to fix it? End predatory lending. You want to fix it? Stop borrowing money for useless degrees. You want to fix it? Don't live beyond your means. You want to fix it? Get a 2nd and 3rd job.
How many trillions lost ?