Majority of Student Loans in Deferment
Borrowers have deferred payments on more than half of outstanding student loans representing 43.5 percent of student debt, according to a study released yesterday by TransUnion, a global credit management firm. Higher loan balances and heavy unemployment are contributing to a looming student debt crisis.
Click Here To Read More
As the data gets worse and worse, when is this country going to have a moment of honesty and take a hard look at how the scam works and who is making out like the bandits? Bankers, politicians and school administrators. When you have several bandits operating then these partners can act like a bulwark of legitimacy until enough skeptics start taking a harder look.
Then don't forget the Fed which can backstop the entire operation with money printing. Oh yeah, you have to have a chump to take the fall. Hello Mr. Taxpayer. All made possible by the illegal Federal Reserve taxation scheme. Wouldn't following the Constitution be a whole lot easier?
2 comments:
Thank you for this blog and for collecting the latest news on the topic of SL debt.
You and Alan Collinge are probably doing the best work so far.
Thank you for your kind comments. If you are a student in debt, or in the family of an indebted student then consider getting the project going by writing the attorney general in your state and asking him or her to recognize the Article 1, Section 8 section that requires uniformity of bankruptcy laws. Then ask him or her to defend your rights and the rights of other students in your state. Keep following our blog and keep the discussion growing. Thank you.
Post a Comment