Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Consumer Credit March -- Ouch; entered at 2012-05-09 23:04:44|
Students must be credit-worthy to borrow the "expenses" portion beyond tuition and books at any decent school. Taking on loans does not indicate someone is a "bandit" to me... if they have good credit and income why would they sacrifice that for a measely extra 30% max in living expenses? I'm sure some idiots do, but its non-dischargeable so even the few that are ignorant of that fact will not profit.|
Also - and especially since - they're working on doubling student loan interest rates... I think you can feel pretty comfortable in the belief that there will be no student loan forgiveness.