Welcome To Obamaville! Delinquency rates on student loans made in the past two years stand at 15 percent in the U.S. as recent graduates struggle to find jobs "Thanks Mr. Obama!"

[Too_Many_Fools]

More Bad News…..For America
Delinquency rates on student loans made in the past two years stand at
15 percent in the U.S. as recent graduates struggle to find
jobs
Bloomberg News: Average student-loan debt last year rose to $27,253
from $17,233 in 2005, and almost 60 percent of bank managers surveyed
in December expect delinquencies to worsen in six months, FICO
said.
“This situation is simply unsustainable and we’re already suffering
the consequences,” Andrew Jennings, chief analytics officer of Fair
Issac, said in the statement. “When wage growth is slow and jobs are
not as plentiful as they once were, it is impossible for individuals
to continue taking out ever-larger student loans without greatly
increasing the risk of default.”
http://www.moneynews.com/Economy/overdue-student-loans-Delinquencies/2013/01/30/id/488042
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How's That Hopey-Changey Thing Working Out For You?

[Scout]

Post by Too_Many_Fools
More Bad News…..For America
Delinquency rates on student loans made in the past two years stand at
15 percent in the U.S. as recent graduates struggle to find
jobs
Bloomberg News: Average student-loan debt last year rose to $27,253
from $17,233 in 2005, and almost 60 percent of bank managers surveyed
in December expect delinquencies to worsen in six months, FICO
said.
“This situation is simply unsustainable and we’re already suffering
the consequences,” Andrew Jennings, chief analytics officer of Fair
Issac, said in the statement. “When wage growth is slow and jobs are
not as plentiful as they once were, it is impossible for individuals
to continue taking out ever-larger student loans without greatly
increasing the risk of default.”
http://www.moneynews.com/Economy/overdue-student-loans-Delinquencies/2013/01/30/id/488042
-----
How's That Hopey-Changey Thing Working Out For You?

Meanwhile we have Obama telling illegal immigrants, well read it for
yourself.

“Our journey is not complete until we find a better way to welcome the
striving, hopeful immigrants who still see America as a land of opportunity;
until bright young students and engineers are enlisted in our workforce
rather than expelled from our country,”
Obama's inaugural speech.

Meanwhile LEGAL bright young students and engineers can't find a job.......

Does anyone else see the conflict?