Tag Archive: Student Loan Debt


Federal Student Loan Debt Tops $800 Billion

 

 

Student Loan Debt

 

 

 

” From November 2013 through November 2014, the aggregate balance in the federal direct student loan program–as reported by the Monthly Treasury Statement–rose from $687,149,000,000 to $806,561,000,000, a one-year jump of $119,412,000,000.

  The balance on all student loans, including those from private sources, exceeded a trillion dollars as of the end of the third quarter, according to the Federal Reserve Bank of New York.

” Outstanding student loan balances reported on credit reports increased to $1.13 trillion (an increase of $8 billion) as of September 30, 2014, representing about $100 billion increase from one year ago,” the bank said in its latest report on household debt and credit. “

 

 

   The article goes on to explain just how this scheme is rigged to benefit the universities and not the students . Just another example of cronyism at the highest levels …

 

 

” By doling out a net average of about $100 billion per year in student loans, the federal government allows even the nation’s wealthiest universities to charge students more than they and their families can pay without going into debt.

  That makes colleges richer and students poorer.

  The federal government already has programs in place to forgive or payoff the student loans of Americans who engage in government-approved activities, or who do not do well enough financially in their after-college years to pay off their own loans.”

 

CNS News

 

 

 

 

 

 

 

 

 

 

 

Student Loan Debt Owed To Federal Government Up 463% Under Obama

 

 

 

(CNSNews.com) — ” Since President Barack Obama took office in 2009, the amount of outstanding federal student loan debt owed to the government has skyrocketed, increasing by 463 percent. The balance owed currently stands at $674,580,000,000.00 compared to $119,803,000,000.00, where it stood in January 2009, according to the Financial Management Service’s latest monthly treasury statement.

Direct federal student loan spending began to rise rapidly in fiscal year 2010, when the Health Care and Education Reconciliation Act – one of the two laws that make up Obamacare — gave the federal government complete control over federal loans for education, the Direct Student Loan (DL) program.  This aspect of HCERA became effective July 1, 2010, when the amount of outstanding loans stood at $178,806,000,000. Since then, the balance has increased by 277 percent.”

 

 

   Not content to saddle our youth with the staggering amount of debt generated by profligate Federal spending , resulting in the fact that our children are already in hock to the tune of $30,000 at birth the smartest president ever has burdened our youth with over one TRILLION dollars in educational debt . These expenses are going to be an albatross around the young adult’s necks for the rest of their lives . 

 

 

 

 

 

 

 

 

 

 

” The student debt crisis continues to grow larger and more dangerous with each passing school year. The skyrocketing price for a college degree is causing an epidemic with student loans as more people rack up unsustainable amounts of debt to further their education. Using debt to obtain a degree can be beneficial if done properly, but there are certainly some states worse off than others when comparing debt to earnings .

 

With lenders handing out loans like candy, the amount of student loan debt in America has nearly doubled in the past five years, from $550 billion in late 2007 to $986 billion in the first quarter of 2013. In fact, two-thirds of recent graduates have student loans, with an average balance of more than $27,000, according to a new report from the Joint Economic Committee.”

 

READ MORE

 

 

 

 

 

 

At last the true story of Julia surfaces courtesy of her son Zachary as told to Yid with a Lid .

Have a read , have a laugh .

” “It’s a FRAUD!”
Said the Guy on the Phone, “Julia was my mother, they must have found the outline for the book she was going to write, and put in their own facts. Barack Obama and liberal policies ruined my mom’s life.”
  Julia’s son (her last name was
NoPunim ) began to tell me his mom’s real story. “

To the youth voters who bought into the ” Hope & Change ” meme:

After 4 years of a celebrity president you need to ask yourself , “Are You Better Off ?”

We are finally reaping the fruits of our media driven celebrity culture . The ” Empty Suit ” as Savior .