Yup, and the government is making a killing on those who repay. No way they should be making money, they should only be breaking even
Cc OzelleM
Students like new cars/trucks/partying ... it's not just tuition!
Without the Fed how would I have known that? 🙄
Duh🙄
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Student debt has kept home ownership out of reach for 400,000 young families, Fed reportsA new Federal Reserve report blames student debt for blocking many young families from owning homes. Avocado toast expenditures were not mentioned. AMERICA, What is MONEY? What is GOLD? WHAT is FIAT CURRENCY? Is Credit DEBT? What is the DIFFERENCE bn money and fiat currency? What is STORE of VALUE means? For answers:please watch the documentary'hidden secrets of money' by Mike MELONY on YouTube. WAKE up AMERICA WWG1WGA! Well maybe they should have got a degree in something that would actually pay off their debt! You people thinking its their fault are ridiculous. I know people who have the highest of degrees but can't get a job in the field they paid thousands of dollars to learn to do so they are forced to still flip burgers. Just bc you have an education a job isn't guaranteed.
Source: washingtonpost - 🏆 95. / 72 Read more »
Student loan debt is keeping young people from buying homes, Fed study findsHome ownership among those in the 24-to-32 group plunged from 45 percent to 36 percent for the period in the Fed survey. Good news, huh? that is the point of student loans. Create a massive increase in the budgets of universities to raise salaries. Create an indentured worker class. Meanwhile, Colleges & Universities are swimming in cash as tuitions surge every year.
Source: CNBC - 🏆 12. / 72 Read more »
Fed Says Student Debt Has Hurt the U.S. Housing MarketThe Fed says student debt has prevented 400,000 young Americans from buying homes and may help explain why many college graduates have moved out of rural areas When you have kids start saving for their college education if you want them to go. Especially if you sent them to free public school. where are we going... free education.... free houses.... or both... don't answer that... Borrowing money without tangible payback is something parents should teach their children. If it’s a bad deal, consider something different, e.g., trades.
Source: WSJ - 🏆 98. / 63 Read more »
Fed Says Student Debt Is Hurting U.S. Housing MarketStudent debt has prevented hundreds of thousands of young Americans from buying a home in recent years and may help explain why many college graduates have moved out of rural areas, the Federal Reserve said. 🤔🤔🤔 Maybe the focus should be on the outrageous tuition rates colleges and Universities are charging these days? maxine just said 1. trillion dollars student debt.
Source: WSJ - 🏆 98. / 63 Read more »