Student Loan Debt up 463% under Obama | TigerDroppings.com

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Zach
LSU Fan
Member since May 2005
62853 posts

Student Loan Debt up 463% under Obama


seems rather high






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boosiebadazz
Member since Feb 2008
45284 posts

re: Student Loan Debt up 463% under Obama


go hide out in grad school and wait for the recession to blow over





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stat19
Army Fan
Member since Feb 2011
11212 posts

re: Student Loan Debt up 463% under Obama


It's ok, he's going to forgive all that debt before he leaves office.





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wickowick
LSU Fan
Head of Island
Member since Dec 2006
22085 posts
 Online 

re: Student Loan Debt up 463% under Obama


They are waiting for King Obama to wave the rainbow wand and make them all disappear...





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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18082 posts

re: Student Loan Debt up 463% under Obama


This is partially my fault.

quote:

go hide out in grad school and wait for the recession to blow over



"Recession" in on year 6. Still blowing. My hair looks like shite.



This post was edited on 11/6 at 12:42 pm


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boosiebadazz
Member since Feb 2008
45284 posts

re: Student Loan Debt up 463% under Obama


I got 3 years and an incredibly manageable student loan debt out of it. I'm happy.





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Rohan2Reed
Grambling Fan
T'uela me la pela
Member since Nov 2003
70287 posts
 Online 

re: Student Loan Debt up 463% under Obama


They're pointing to federal student loan debt. Of course it's going to increase when the lending moves from private banks to the U.S. government. It's says so in plain type in that article what happened.

quote:

“Under the DL program, the federal government essentially serves as the banker – it provides the loans to students and their families using federal capital (i.e., funds from the U.S. Treasury, and it owns the loans,” explained the Congressional Research Service.

During President George W. Bush’s time in office, the amount of outstanding loans increased from $67,979,000,000 in January of 2001 to $119,803,000,000 in January of 2009, an increase of 76 percent. This means that under President Obama the amount of federal direct student loans increased 509 percent more than under President Bush.

Direct-loan financing increased more than seven-fold over the last decade (2003-2013) with the amount of outstanding student loans standing at $90,795,000,000 in September of 2003.


While the amount of students taking on loans to pay for an education they may or may not need (a separate debate) can be painted as wasteful, at least now that the Fed is in control of the lending there's much less of a risk of a bubble burst/collapse that could send shockwaves across the greater economy a la the housing finance fiasco of 2008.






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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18082 posts

re: Student Loan Debt up 463% under Obama


quote:

I got 3 years and an incredibly manageable student loan debt out of it. I'm happy.



ya?






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LSUfanalways
LSU Fan
Baton Rouge
Member since Mar 2007
473 posts

re: Student Loan Debt up 463% under Obama


I guess personal responsibility only matters when you're bashing a perceived democrat, i.e., a welfare recipient.





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Shrimp_PoBoy
Member since Aug 2013
104 posts

re: Student Loan Debt up 463% under Obama


THANKS OBAMA!

I mean, it was his fault the economy crashed; it's his fault employers aren't rehiring more of the same types of college-educated jobs that were lost instead of simply increasing the workload of their retained employees; it's his fault that Louisiana had to cut higher education expenses, forcing LSU to increase tuition.

CLEARLY this 463% is Obama's fault. I mean, HE IS the president! HE has control over ALL of these things! If the guy can increase gas prices up to $4.00 (thankfullythe market corrected his mistakes and we are now seeing under $3/gal), then he can surely reduce the student loan debt!

What a joke. IMPEACHMENT!!!



This post was edited on 11/6 at 12:53 pm


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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120338 posts

re: Student Loan Debt up 463% under Obama


quote:

I got 3 years and an incredibly manageable student loan debt out of it. I'm happy.


I decided to work instead






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Shrimp_PoBoy
Member since Aug 2013
104 posts

re: Student Loan Debt up 463% under Obama


quote:

I decided to work instead








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boosiebadazz
Member since Feb 2008
45284 posts

re: Student Loan Debt up 463% under Obama


that's great.

I decided to go raise my ceiling.

to each their own






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Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
13390 posts

re: Student Loan Debt up 463% under Obama


quote:

IMPEACHMENT!!!


THAT'S THE SPIRIT!!!






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120338 posts

re: Student Loan Debt up 463% under Obama


quote:


I decided to go raise my ceiling.


You can raise your ceiling by working too. Difference is I'm making a lot of money while I'm raising my ceiling.







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boosiebadazz
Member since Feb 2008
45284 posts

re: Student Loan Debt up 463% under Obama


For what I wanted to do, I needed a certain cetification.

The prerequisite for that certification took 3 years. I'm satisfied with my decision.






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Shrimp_PoBoy
Member since Aug 2013
104 posts

re: Student Loan Debt up 463% under Obama


quote:

that's great. I decided to go raise my ceiling. to each their own


Boom. Roasted.






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Shrimp_PoBoy
Member since Aug 2013
104 posts

re: Student Loan Debt up 463% under Obama


quote:

You can raise your ceiling by working too. Difference is I'm making a lot of money while I'm raising my ceiling.

Cause ya know, everyone should live their life EXACTLY LIKE YOU. Your life is the only surefire way of making it in this world. Personal desires, interests, talents, none of those things matter. People shouldn't go to college to pursue a field they're intersted in because POWERMAN didn't and he's doing well for himself.

GOOD ON YOU, POWERMAN! You such a



This post was edited on 11/6 at 1:03 pm


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BBONDS25
LSU Fan
Member since Mar 2008
15872 posts

re: Student Loan Debt up 463% under Obama


Haven't figured out whose alter yet.





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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18082 posts

re: Student Loan Debt up 463% under Obama


Where are you licensed?





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