Comments about ‘Student loan delinquencies soar above all other consumer debts’

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Published: Friday, Nov. 30 2012 11:35 a.m. MST

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Rock Of The Marne
Phoenix, AZ

I am a bit older than the current crop of college students but I feel their pain; much of it self inflicted. By the time I graduated with my Masters I was $35K in debt due mostly to student loans. It is a sinking feeling when the first payment is made and you realize that it will be like that every month for the next 10 years. It was tough and sometimes I had to make serious sacrifices, but I stuck to it and payed off every last cent plus interest. Speaking of interest, it was 8.25% back in the 1990s so thankfully rates are lower for today's payers. My advice to current perspective students, avoid the debt if possible (take a year off to work etc.), live frugally while attending, and please think about what your plans are after graduation before you spend $50K on a degree in Music Theory or the like. That said, I don't regret for a moment my college experience; well worth it on many levels. Just do it "smartly" and realize it is your responsibility to pay off every cent you borrow; it's part of being an adult.

Waipahuboy
WAIPAHU, HI

Ironic that the majority of Millenials and younger voters cast their lot with the incumbent president this last election cycle and not the business/private sector guy....well, best of luck at those Occupy WS protests and the unemployment office!

Signed, an older guy who has learned to vote on economic, not social or popularity, issues

Herbert Gravy
Salinas, CA

Oh, golly gee, why not? Surely, at least 47% of those with outstanding loans are pretty sure that the federal government will come to the rescue and forgive billions of dollars of debt. The USA can always borrow more money from China! Or can she?

Liberal Ted
Salt Lake City, UT

If Great minds think alike. Then would it be safe to say feeble minds think alike. Idiots think alike etc?

With that said the college students that voted the same guy that has borrowed and spent us into the hole, rather than fixing things as promised. Was voted by the same mindset of college students that believe you can borrow your way to prosperity and that debt=wealth.

Here is a life hard lesson to learn folks. Debt Does Not Equal Wealth. Just remember that and everything else will make sense, when you make decisions. Anyone that tells you differently is trying to prosper themselves at your expense.

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