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Wednesday, September 7, 2011

All Education Matters: Don't you love this headline?!? - "Are college loans the new mortgages?"

All Education Matters: Don't you love this headline?!? - "Are college loans the new mortgages?":

Don't you love this headline?!? - "Are college loans the new mortgages?"

Uh, yeah, college loans are the new mortgages. What's the difference? Oh, gee, just a couple of things, like . . . You can't get rid of them in bankruptcy! You can't live in them or in your diploma (last time I checked)! The degree they pay for has no "market value." Need I say more?

Soooooooo, please explain to me how college loans are the NEW f%$*!!ing mortgages?!? The newsman said that student loans "have become a defacto mortgage that could take decades to pay off." Uh, decades, dude?!? Do your research, honeypie. Hundreds of thousands of us will never pay off our debt. That's a good thing for the housing market and the economy in general, right?!? But who cares? We're not elites, and as David Sirota recently wrote those are apparently the only people who matter in the U.S., at least when it comes to the powerful in D.C.

This particular clip features a young woman who went to Drexel and graduated from a 3-year program in fashion