Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up

Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by to11mtm on Tuesday November 05, 2019 @06:48PM (#21458194)

It's more than just pandering to millenials. This is also about pandering to Academia.

Depending on how the student loan bubble bursts, it could wind up with a number of institutions being forced to shut their doors, or make large cuts to staff/programs/etc.

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Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by jstewartmobile on Tuesday November 05, 2019 @06:51PM (#21458223)

Definitely a factor. Not just a coincidence that Warren was a professor, Sanders' wife was a college administrator, Buttigieg's dad is a professor...

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Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by sjg007 on Tuesday November 05, 2019 @07:30PM (#21458534)

Student loans are basically a variable tax to attend college. There should be a relief valve of pay like 10% extra in taxes until the principal is paid off. People paying interest on the loans can get a tax deduction for the interest as well (it actually makes no sense to have interest on the loans because that interest is going back to the Feds in 90% of cases).

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Re:Risky Mortgage Bonds Are Back and Delinquencies Are Pilin... by jstewartmobile on Tuesday November 05, 2019 @07:35PM (#21458559)

federally subsidized student loans shouldn't exist. supply and demand--they are the reason college has gotten so expensive in the first place.

in the old days, people could pay tuition with a part-time job.

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