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Author:	[Investments] Topic: Student Loans - The next meltdown
PatrickBateman	RSI View Space \| Friends \| Playbook \|
Rookie Joined: Mar 2007 Posts: 970 Location: Vermont	#1 Posted: 12/7/2011 4:05:13 PM Seems to me that the next financial juggernaut that is going to have to be dealt with in the future will be student loans. The amount of student loan debt has never been higher and jobs are limited right now. So how will these ever be paid off? My question is this...is there any way to exploit/invest in this inevitable credit crunch?
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woopdurritis	View Space \| Blog \| Friends \| Playbook \|
Banned Joined: May 2007 Posts: 22212 Location: Virgin Islands	#2 Posted: 12/7/2011 4:19:11 PM I can't answer your question but the best route to go for college nowadays is STATE SCHOOLS. (And even they are relatively expensive) The private school tuition cost has spiraled out of control... paying $35,000 to $50,000 a year is just crazy. Also a liberal arts major is a recipe for disaster. Degrees in engineering, medicine, sciences, etc are all still very good and lucrative degrees. Psychology, sociology, history, art, etc... are just asking for debt. There should be no bailout for student loans, as people have to understand what they are getting themselves into... just like a mortgage on a house. If you can't pay it, why should you have the right to stay?
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woopdurritis	View Space \| Blog \| Friends \| Playbook \|
Banned Joined: May 2007 Posts: 22212 Location: Virgin Islands	#3 Posted: 12/7/2011 4:19:18 PM I can't answer your question but the best route to go for college nowadays is STATE SCHOOLS. (And even they are relatively expensive) The private school tuition cost has spiraled out of control... paying $35,000 to $50,000 a year is just crazy. Also a liberal arts major is a recipe for disaster. Degrees in engineering, medicine, sciences, etc are all still very good and lucrative degrees. Psychology, sociology, history, art, etc... are just asking for debt. There should be no bailout for student loans, as people have to understand what they are getting themselves into... just like a mortgage on a house. If you can't pay it, why should you have the right to stay?
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RexR	RSI View Space \| Blog \| Friends \| Playbook \| My Sportsbook: BetOnline.ag \|
Veteran Joined: Nov 2011 Posts: 1215 Location: United States	#4 Posted: 12/21/2011 7:52:32 AM I'd like to get in on this too...trillion dollar bubble that will pop up in the next year or two. Why so soon? Students are paying $100s of dollars per credit hour and lucky to land $10/15 hour jobs when they get out...something will have to give. When I went to a Big 10 school in the late 90s, the out of state tuition costs were around $28,000/year! I'd hate to see what it is today. The easy bet would be to short the big for profit schools. APOL DVRY and ESI Some of those were already overvalued and have come back to Earth in the past year or two.
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eplpuzzys	View Space \| Friends \| Playbook \|
Prospect Joined: Jan 2012 Posts: 29 Location:	#5 Posted: 1/1/2012 3:46:05 PM If you have student loan debt and you majored in Women's Studies, Ethnic Studies, happy and Lesbo studies you are a useless low life loser and should have to pay in full any amount you took out to pay for such a worthless education.
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Fire_Control	View Space \| Friends \| Playbook \| My Sportsbook: Pinnacle Sports \|
Rookie Joined: Oct 2009 Posts: 711 Location: Nova Scotia	#6 Posted: 1/2/2012 5:45:14 PM Who hold the student loans in the US? I assume banks. In Canada there are student loans given by the government.
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mainmanmainman2	View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Feb 2011 Posts: 4309 Location: Antarctica	#7 Posted: 1/11/2012 12:51:27 AM fed loans... sallie mae... ticker SLM during the boom 2005-2008 the banks were giving anyone with a heartbeat a loan and then they wouldnt restructure anyones debts...
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mainmanmainman2	View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Feb 2011 Posts: 4309 Location: Antarctica	#8 Posted: 1/11/2012 12:53:39 AM [Quote: Originally Posted by RexR] I'd like to get in on this too...trillion dollar bubble that will pop up in the next year or two. Why so soon? Students are paying $100s of dollars per credit hour and lucky to land $10/15 hour jobs when they get out...something will have to give. When I went to a Big 10 school in the late 90s, the out of state tuition costs were around $28,000/year! I'd hate to see what it is today." some instate in CA,NY are over 50k!!!!!!!!!!!! overheard a girl saying she took out 32k for an entire year. imagine that, 30k x 4, most people grad in 4.5years!!!!
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mainmanmainman2	View Space \| Blog \| Friends \| Playbook \|
Veteran Joined: Feb 2011 Posts: 4309 Location: Antarctica	#9 Posted: 1/11/2012 12:54:17 AM QUOTE Originally Posted by PatrickBateman: Seems to me that the next financial juggernaut that is going to have to be dealt with in the future will be student loans. The amount of student loan debt has never been higher and jobs are limited right now. So how will these ever be paid off? My question is this...is there any way to exploit/invest in this inevitable credit crunch? short slm when it hits the fan
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paulaM	View Space \| Blog \| Friends \| Playbook \| My Sportsbook: Bellagio \|
Prospect Joined: Jan 2012 Posts: 0 Location: California	#10 Posted: 1/21/2012 5:31:37 AM Talk about loans in here, payday loans are only accessible to people who can afford to pay them back. It is a common misconception that payday cash advances prey on the poor since the majority of the poor cannot afford the loan in the first place. The loans are there for emergencies, such as an auto breaking down or a hospital visit. Sadly, protestors in Boise, Idaho, do not know this. They have been protesting the payday lending regulations in the state. Payday cash advances will probably not go anywhere, which is great news for most of us. For more information, go to: Payday Loan
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be easy	View Space \| Blog \| Friends \| Playbook \|
MVP Joined: Oct 2006 Posts: 15377 Location: Pennsylvania	#11 Posted: 1/21/2012 12:09:29 PM QUOTE Originally Posted by Fire_Control: Who hold the student loans in the US? I assume banks. In Canada there are student loans given by the government. In America, the government is owned by the banks. The government doles out the loans, guarantees that the creditors will always be protected and their riskless investments mades whole. Goldman etc are the ones profiting from all the suckers piling on all that debt, and the gov ensures the slaves are held to the debt forever, because student loan debt is not discharge-able
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LeafsNeedD	View Space \| Friends \| Playbook \|
Captain Joined: Jan 2004 Posts: 5668 Location: Canada	#12 Posted: 1/22/2012 9:46:20 PM QUOTE Originally Posted by be easy: In America, the government is owned by the banks. The government doles out the loans, guarantees that the creditors will always be protected and their riskless investments mades whole. Goldman etc are the ones profiting from all the suckers piling on all that debt, and the gov ensures the slaves are held to the debt forever, because student loan debt is not discharge-able They aren't dischargable in Canada either. I've been out of school for a few years but when I was in university it was a about 3k per semester in tuition plus probably another $500 for books.
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