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General Electric Company Message Board

  • ppedroli Mar 26, 2012 8:10 PM Flag

    $270 Billion In Student Loans Are At Least 30 Days Delinquent


    Just a FEW Reasons to Read The Real NEWS Matters at least ONCE A DAY........The "QE" VooDoo of the FED "IS" going to make the Coming Correction "HISTORIC"!!!!!!!!!!!

    The First Crack: $270 Billion In Student Loans Are At Least 30 Days Delinquent

    Largest S&P 500 Short Interest as a Percentage of Float

    Gas Prices Reach Record High Again

    Pain at Gasoline Pump Cutting Into Consumer Spending

    10 Reasons The Reign Of The Dollar As The World Reserve Currency Is About To End

    BofA: Retiring Baby Boomers Is Bad News For US Productivity

    Broken Job Markets And QE3: Bernanke Feeds Wall Street's Addiction

    ****OCC’s Quarterly Report on Bank Trading and Derivatives Activities Fourth Quarter 2011****

    Top 5 Banks Hold 95.7%, Or $221 Trillion, Of Outstanding Derivatives

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    • The student loan problem will be here for years to come. I know students with over $200K in student loans for a veterinary degree. Pay starting out is around $60K a year and doesn't rise much for a while. No way that students can repay this amount. They can use income based repayment which is currently 15% of adjusted gross income in excess of the poverty level (supposed to reduce to 10%) and under the new rules the loan will discharge after 20 years of payments. Now, here's the kicker: In 20 years, when discharged, the student has "discharge of indebtedness income" unless that person is working in a federal job that forgives without taxation. So, all of the students with big loans are not buying houses, furniture etc and are looking at bankruptcy from the tax hit 20 years down the road.......and the student loans and taxes thereon are not dischargeable in bankruptcy. So, expect little or no stimulus from those graduating with sizeable loans for a long time.

    • there's the delinquentcies, and then there's the over $1 trillion of student loan debt outstanding. but the sad thing, is that there's no where to go once you've graduated. obama's commie idea of everyone going to california to work in environmentally friendly solar panel factories, hasn't materialized yet, per se.

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