Hillary Clinton ran for President in 2008.
She almost has her campaign debt paid off.
Really, that’s not too bad. She left the campaign with more than $25 million in IOUs.
She’s whittled that down to just under $100,000.
I say, “You go girl!”
But, sadly, celebrities and ‘the little people’ are getting increasingly bad at paying off their debts. Campaign debt being one. Student loans are another.
Now, Hil has no student loans, but lots of people do!
Hundreds of thousands of dollars in some cases.
Student loans are growing, and so is student loan default.
The group amassing the most student loan debt right now is the 50-55 year old female!
Why? Empty nester moms are going back to school in record numbers, most of it on line. And, why not? The kids are gone, they’ve put Thad and Tiffany through 13 years of EL-HI and four years at the University of Budweiser, so it’s their turn.
But, will they live long enough to pay it off?
Who knows?
Will they get a job that pays well enough to pay it off?
Who knows?
Education is a wonderful thing, and I’m glad for them, but the “vulture colleges” out there are raking it in, and the bills are mounting UP.
Analysts say that the debt, unlike Hil’s will never be paid off!
But, at least they’ll all be smart educated!
7 comments
Comment by Charlie on July 23, 2012 at 6:43 am
Most likely Washington will figure that to be a community debt (after all no one can do it alone anymore) and stick the tax payers with it. DC logic is not always logical.
Comment by Mackenzie on July 23, 2012 at 8:16 am
Thank god I had a mother who was smarter than I was! I couldn’t go to a private college unless I recieved enough scholarship to bring it down to instate tuition at UNC. The scary thing, there are alot of 18 year olds out there with no one to advise them. At 22, I had seen her wisdom and went to the most value dense (cheapest) medical school in the country!
Comment by Peggy Dawson on July 23, 2012 at 11:59 am
Student debt depends on who you vote for !!!! Love…
Comment by Tony P on July 23, 2012 at 5:55 pm
I want strong student loan reform.
1) I want the protection of student loans from bankruptcy to be repealed.
2) I want government programs that will forgive 75% of student loan if you’ve worked for a local, state, or federal government office in the last two decades.
3) I want government programs that will forgive 75% of student loans if you make only 150% of the federal poverty level.
4) I want student loans to be forgiven if you spend more than 8 months unemployed.
I figure that would even the playing field a little bit.
Comment by Nancy T on July 23, 2012 at 7:48 pm
I would not have been able to finish OSU without a Pell Grant. What happened to them?
Comment by Joe and Sheri on July 23, 2012 at 10:38 pm
So glad I have your Ravings on e-mail for some reason I read them all the time now!! You’re good ya know!! Sheri
Comment by Goodness and Grit on July 30, 2012 at 4:54 pm
Funny you mention this….
Everyone I know (American moms in Norway that is) has gone BACK to school. Seems Norway, population 5M frowns upon most American degrees. I have accountant friends working as assistants for daycare centers, doctorate level Chemist friends doing simple online translations, attourny friends accepting passport aplications at the embassy, and get this… a Dartmouth RN grad with 12 yrs experience working at Dartmouth Teaching Hospital friend was recently deemed not qualified to work in the local Lillehammer hospital. As IF Norway has an Ivy league teaching School on THEIR belt notch.
However, each and every one of my friends are granted a free education. No loans this time around, just frustration. Just as much fun to do it all over at 40……NOT!
Klem,
Kimberly