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CNBC to Air Documentary on America's College Debt Crisis

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harvey007 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-19-10 10:22 AM
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CNBC to Air Documentary on America's College Debt Crisis
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-19-10 10:33 AM
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1. AH yes, CNBC.
While college student loan debt (thanks to ever-soaring college costs) remains a growing danger in strapped America, CNBC promotes the very Republican economic ideology that causes this huge debt, not to mention they've been less than a friend to the Democratic party and the working/middle/poor class. Their concern just strikes me as insincere.
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Sanity Claws Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-19-10 10:36 AM
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2. It's about time that people talk about it
The debtload of new graduates is truly shocking.
These are 20 year loans so if someone graduates from college at 22 or graduate school at 25, then the loan won't be paid off until till the person is 42 or 45. Think about that. When does the college grad take time off to have a baby? What if the graduate has an illness and doesn't work for six months (never mind the additional medical bills)?
Remember student loans cannot be discharged in bankruptcy.
We have an indentured servant class.
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BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-19-10 10:56 AM
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3. Look forward to it
The scam starts with the colleges themselves, so I hope they keep the focus there as often as possible.
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