Colleges are full of it: Behind the three-decade scheme to raise tuition

Re:Colleges are full of it: Behind the three-decade scheme t... by carsongross on Sunday June 08, 2014 @03:52PM (#7865668)

It's easy to say that "they will be forgiven" but that's a huge evaporation of debt in the system: these are assets being marked at par in pension funds, etc.

Students are poor and don't vote. That's why it will be different this time.

EDIT: (I really should take more time in my replies) Also, let me say that I am in 100% agreement with you about the morality of the situation and how GenY (and GenX) were sold a bill of goods on the debt issue. But I think we are at the end of the line (in the next decade or so) and now it's a matter of who takes the most pain. I wouldn't bet on that being the banks, insurers or pension funds, and evidence so far confirms my non-bet.

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Re:Colleges are full of it: Behind the three-decade scheme t... by aliston on Wednesday June 11, 2014 @06:38PM (#7880853)

I wouldn't either. It will be the government, just as it was last time. Here ya go:

http://www.politico.com/story/2014/06/student-loan-repayment...

Capped payments and all debt forgiven after 20 years.

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