American colleage tuition fee and student loan

[phantom_opera]

"Student loans outstanding have surpassed credit cards and auto loans as the second largest form of consumer debt, following mortgages."

nothing to worry ... really

[buttercarp]

"Student loans outstanding have surpassed credit cards and auto loans as the second largest form of consumer debt, following mortgages."

nothing to worry ... really

Bro u post ghost links..... can't see it.
Here is link.

http://static5.businessinsider.com/i...-inflation.jpg

http://static2.businessinsider.com/image/4ffd980be...


You will need to copy n paste in your browser then you can see it.

[buttercarp]

Aiyoyo....bro ghost, your link really ghostly.... reappear then disappear.
I copy and paste one for you.

2nd link appears broken.

http://static5.businessinsider.com/i...ion.jpghttp://

[phantom_opera]

oops

[phantom_opera]

Another QE is here, quote zerohedge:

So let's get this straight:

1. go to some "everyone who applies is admitted" community college
2. take on the biggest Federal loan one can get
3. use the proceeds for everything besides the tuition (of course)
4. be unable to find a job after graduation (naturally)
5. plead poverty, accusing evil employers who don't hire those who majored in Foosball, and make "zero" payments while remaining in "compliance"
get a job working for the government, wait ten years, and have the entire loan magically disappear.
And there it is: incentives for the common, and very much broke, man in the New Normal.

If there is anyone out there who thinks this will not result in a "charge it" feeding frenzy and that the Federal student loan total will not go absolutely parabolic going forward, please raise your hand.

Of course, what is not discussed, is who is on the other side of all those forgiven loans. And the answer, dear taxpaying US readers, is starting at you in the mirror. Because all the Federal government will do is transfer the unfunded obligation, which has already been used to satisfy the purchase of goods and services, from one individual to the whole group.

But when one is dealing with the government of a country that is no longer even fit to be defined as "banana", what is adding one more trillion between already insolvent counterparties.

Finally, yes, this means the Fed just tacked on one more year of QE to its $1 trillion/year in US debt monetization, which also means the Fed's balance sheet will now also be used for to fund student loan forgiveness, among so many other things.

[phantom_opera]

if I am American I will go back to study in university ... free money why not .. and helps lower the unemployment rate ... I have to agree with ZeroHedge on this one ... of course that is provided debt ceiling is raised in March

November Consumer Credit Soars, Driven By Student And Car Loans: 95% Of All 2012 Consumer Debt Funded By Uncle Sam