Celebrating 10 years! 2007-2017

Before Leaving Office, Obama Administration Admits It Got Student Loan Data Wrong

Perhaps more alarming is that with the new accurate repaymen triplesix01/26/17
Has the new administration given any real indication on its orange901/26/17
When you factor our IBR and such, what do you think the actu 3lol01/26/17
This is not the default rate. Only 46% of people have their triplesix01/26/17
It's really my bad for barely glancing at the article. So 3lol01/26/17
I am sure some could work it down but yeah essentially we ha triplesix01/26/17
What a mess t3success01/26/17
triplesix (Jan 26, 2017 - 2:21 pm)

Perhaps more alarming is that with the new accurate repayment rate of 46 percent, this now means that most college graduates are not paying off their student loan debt at all.

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I think he is OK with the fact hat nobody is paying their loans becuase under Sharia interest is haram.

http://dailysignal.com/2017/01/26/before-leaving-office-obama-administration-admits-they-got-student-loan-data-wrong/

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orange9 (Jan 26, 2017 - 3:20 pm)

Has the new administration given any real indication on its plans? I think I read about shortening forgiveness to 15 years, but nothing about tax bombs and the like.

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3lol (Jan 26, 2017 - 4:14 pm)

When you factor our IBR and such, what do you think the actual repayment rates are?

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triplesix (Jan 26, 2017 - 4:18 pm)

This is not the default rate. Only 46% of people have their loans go down after 3 years into repayment. I guess selective quoting is quite misleading, my bad poastin buddy.

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3lol (Jan 26, 2017 - 4:35 pm)

It's really my bad for barely glancing at the article.

So only 46% are paying down the principal balance of their loans? Oy.

In any event "I am the 46%!"

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triplesix (Jan 26, 2017 - 4:46 pm)

I am sure some could work it down but yeah essentially we have about 24mil debt slaves who aren't going to pay back their loans and that number adds another 1m every year.

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t3success (Jan 26, 2017 - 7:18 pm)

What a mess

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