At least half of students defaulted or failed to pay down debt within 7 years
By
ANDREAFULLER
Many more students have defaulted on or failed to pay back their college loans than the U.S. government previously believed.
Last Friday, the Education Department released a memo saying that it had overstated student loan repayment rates at most colleges and trade schools and provided updated numbers.
When The Wall Street Journal analyzed the new numbers, the data revealed that the Department previously had inflated the repayment rates for 99.8% of all colleges and trade schools in the country.
The new analysis shows that at more than 1,000 colleges and trade schools, or about a quarter of the total, at least half the students had defaulted or failed to pay down at least $1 on their debt within seven years.
Hi there, flanigan. I remember our home-boy status, so this is not applicable where it is not applicable, just tossing it out there. It is kinda humorous, however, when you think of all the congresspeople and our president (a descendant of slave-traders and slave-owners) that have made themselves their own higher power. I know I should not assume, but the symbology in the above picture is not ambiguous, is it? I would probably be disposed to think that Jesus was somehow (at one time) important in your life. Perhaps as a formative reference? Do me a solid, and help me figure it out. Not just you, but all of it. Thanks in advance...
I'd love to help you figure "it" all out (life, the universe, and everything), but I'm pretty clueless myself. I just catch glimpses of the edge of shadows occasionally.
The "well played" meme seemed appropriate. I originally intended it as a sort of sarcastic message, but as this articlepoints out, Cruz really did have his own agenda, and pretty much accomplished what he set out to accomplish.
That was awesome. Surprised I haven't seen that clip on network TV!
Yes, the inimitable Mr. George Carlin. Considered to be THE best and most comprehensive and coherent rant about our American Reality, ever. (thnx for reposting sirdro!)
Below, the full text of Elizabeth Warren's email to staffers this morning:
I'm glad that the government shutdown has ended, and I'm relieved that we didn't default on our debt.
But I want to be clear: I am NOT celebrating tonight.
Yes, we prevented an economic catastrophe that would have put a huge hole in our fragile economic recovery. But the reason we were in this mess in the first place is that a reckless faction in Congress took the government and the economy hostage for no good purpose and to no productive end.
According to the S&P index, the government shutdown had delivered a powerful blow to the U.S. economy. By their estimates, $24 billion has been flushed down the drain for a completely unnecessary political stunt.
$24 billion dollars. How many children could have been back in Head Start classes? How many seniors could have had a hot lunch through Meals on Wheels? How many scientists could have gotten their research funded? How many bridges could have been repaired and trains upgraded?
The Republicans keep saying, "Leave the sequester in place and cut all those budgets." They keep trying to cut funding for the things that would help us build a future. But they are ready to flush away $24 billion on a political stunt.
So I'm relieved, but I'm also pretty angry.
We have serious problems that need to be fixed, and we have hard choices to make about taxes and spending. I hope we never see our country flush money away like this again. Not ever.
It's time for the hostage taking to end. It's time for every one of us to say, "No more."
What is more distrubing is that conservative leaning sites are publishing those who voted to reopen the government, like that was a bad thing. See ya in a couple of months! Same Bat Time, same Bat Channel!
A friend who works for DHS and was furloughed told me that the front line people in his agency (i.e. the ones engaged in potential "lifesaving" issues such as border interdiction, etc.) were kept on the job (unpaid). Mainly it was support and administrative people who were sent home.