The Thoughts of Gunnar


Student Loans II
October 26, 2008, 4:03 pm
Filed under: Uncategorized

http://money.cnn.com/2008/10/23/pf/college/student_loan_fugitives/index.htm?cnn=yes

The above is a link to an article of how many have fled the country because they can’t afford their student loans, creating an estimated 60 billion in defaults. It just came out today, and that would be more than I expected, although it adds to my grave concerns about the student loan program and how we just create loans out of nothing, with no collateral to back them up, to people with no credit history.

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