Student Loan Scam - Coast To Coast AM - 5-27-2011 / 5-28-2011

[MrDevilsadvocate696]

I would say the main driver for finally collapsing college attendance will be the long term unemployment that negates any justification for kids to go to college...and price.

[GordonWayneWatts]

@MrDevilsadvocate696 -- Yes: Both the price (co$ts) and employment (or lack thereof: UNemployment = BENEFIT$) --are the factors (or addends, to be mathematically & grammatically correct) which decide the case for (or against) college.

[rayme4raw]

My dad couldn't go further at Northrup Grumman without a college degree, but he had 22 years experience in the military and no one could do his job. Now he's retired. I found that I couldn't move up at Honda w/o a BA even though they stated that I needed either a BA or equivalent work experience. My sister has 30,000 in student loan debt, they want to double her minimum payments next year even though she lost most of her income in a divorce this year.

[GordonWayneWatts]

@rayme4raw Your descriptions are proof that the Student Loan industry is NOT out to help the student. - I am sorry to hear of the divorce -america's got the highest divorce rate of all countries on earth -and i hope we can reverse that trend -as well, I hope we can catch up to many other countries who have MUCH lower cancer rates, MUCH longer life-spans, etc -- We've slidden downhill so much as a country -and now, enslaving students with indentured debt servitude. This is horrible. God help us.

[rayme4raw]

@GordonWayneWatts My sister married "Stupid", a lot of people held their tongue while she got married because she'd never been happier. She found out after one year why you don't marry the truly stupid. Cancer has been cured, if you're willing to do the research, you can bypass the $200 Billion a year cancer profit industry. Killing people for money = the American way. The only way my sister is going to pay off student loan debt is if we have hyperinflation.