usa: 50% of 25 year olds living at home w/ parents, 30% of 30 year olds are living at home w parents

[oldngray]

Says who? Obama just got done paying his off in 2004 .

Obama: I only paid off my student loans eight years ago

if anything student debt was tougher to pay off then with the higher interest rates.

the biggest problem with student debt is not the debt but the fact that this crappy economy is not giving fresh college students the good paying jobs they need to pay the debt off.

Agreed. Tuition was much lower but interest rates were much higher then. Worse if you borrowed to pay for college but if you worked and paid most of it as you went then it was cheaper.

It seems most now are just racking up huge loan debts without making any attempt to keep their debt under control. Maybe they are hoping the government will bail them out with other people's money.

 

[Sportello]

Says who? Obama just got done paying his off in 2004 .

Obama: I only paid off my student loans eight years ago

if anything student debt was tougher to pay off then with the higher interest rates.

the biggest problem with student debt is not the debt but the fact that this crappy economy is not giving fresh college students the good paying jobs they need to pay the debt off.

The Student Loan Debt Crisis in 9 Charts

 

[Sportello]

Agreed. Tuition was much lower but interest rates were much higher then. Worse if you borrowed to pay for college but if you worked and paid most of it as you went then it was cheaper.

It seems most now are just racking up huge loan debts without making any attempt to keep their debt under control. Maybe they are hoping the government will bail them out with other people's money.

Interest rates haven't changed that much in the last 20 years:

Costs have skyrocketed:

 

[oldngray]

Interest rates haven't changed that much in the last 20 years:

Costs have skyrocketed:

Why don't you post charts with data from the same years?

 

[Sportello]

Why don't you post charts with data from the same years?

Because they were fixed at 8%

 

[oldngray]

Because they were fixed at 8%

For what years?

 

[Sportello]

For what years?

Look it up yourself.

 

[oldngray]

Look it up yourself.

You made the claim so proving it is your responsibility.

 

[DriveInDriveOut]

Agreed. Tuition was much lower but interest rates were much higher then. Worse if you borrowed to pay for college but if you worked and paid most of it as you went then it was cheaper.

It seems most now are just racking up huge loan debts without making any attempt to keep their debt under control. Maybe they are hoping the government will bail them out with other people's money.

So tuition goes up 300% and interest rates drop by 3%, ya that balances out. LMAO. You people will do anything to deny how easy you had it.

 

[IVE GOTTA PACKAGE 4U]

So tuition goes up 300% and interest rates drop by 3%, ya that balances out. LMAO. You people will do anything to deny how easy you had it.

Who had it easy?

20% interest mortgage rates?

 

[DriveInDriveOut]

Who had it easy?

20% interest mortgage rates?

Deflecting.

 

[IVE GOTTA PACKAGE 4U]

Deflecting.

No I am not. Every generation has a different set of issues.

 

[rickyb]

No I am not. Every generation has a different set of issues.

yea but not every generation has it as good / bad as the next.

america is definitely worse off nowadays then it was since the 1950s.

 

[rickyb]

Agreed. Tuition was much lower but interest rates were much higher then. Worse if you borrowed to pay for college but if you worked and paid most of it as you went then it was cheaper.

It seems most now are just racking up huge loan debts without making any attempt to keep their debt under control. Maybe they are hoping the government will bail them out with other people's money.

they saw wall street getting 17 trillion in bail outs, probably wondering when its gonna be their turn

 

[IVE GOTTA PACKAGE 4U]

yea but not every generation has it as good / bad as the next.

america is definitely worse off nowadays then it was since the 1950s.

Yes and no
.

 

[newfie]

Student debt in the 70's, 80's and 90's was no where near what it is today. It has ballooned this century.

Interest rates haven't changed that much in the last 20 years:

Costs have skyrocketed:

you made claims about the interest rates of the 70's and 80's and then omitted those years in your chart. interest rates in the 70 and 80's were much much higher. you also omitted the last six years when interest rates have been at the lowest.

 

[Sportello]

You made the claim so proving it is your responsibility.

See post #145.

 

[Sportello]

you made claims about the interest rates of the 70's and 80's and then omitted those years in your chart. interest rates in the 70 and 80's were much much higher. you also omitted the last six years when interest rates have been at the lowest.

Feeble minded response.

What do you consider 'much much higher'? We are talking student loan rates, just so you are clear on the subject. You have a tenancy to confuse things a 5th grader would understand

 

[newfie]

Feeble minded response.

What do you consider 'much much higher'? We are talking student loan rates, just so you are clear on the subject. You have a tenancy to confuse things a 5th grader would understand

you are dancing your holiness. you know what the interest rates were in the mid to late seventies and eighties.


squirm baby squirm.

 

[Sportello]

you are dancing your holiness. you know what the interest rates were in the mid to late seventies and eighties.


squirm baby squirm.

Do you know what the student loan rates were in that time period? Do you know the inflation adjusted tuition costs were?

Why don't you tell us?