Posts tagged “college loans

College Students Defaulting At Record Rates

Performance Reports
Are returns like these really possible? Check out our recent performance here: July | August

Prism Virtual CD*
Click here to watch us emulate a 1% bank CD* with our automated investing software. You’ll need to multiply the current monthly return x 12 to get the annual return, currently running a little over 1.0%. Bear in mind that this is the same software we use to get 1% per DAY. (* Not issued by a bank, not a real CD, not FDIC insured, not connected with any government, offered for comparative purposes only. Entertainment too.).

The Prism Daily: Mon, Oct 01, 2012
Why would it surprise anyone that college students are defaulting on their loans at record rates? Where are today’s college students going to get the money to pay these loans back when they can’t find jobs? From USA Today we read….

College Students Defaulting At Record Rate
“Experts say rising student debt and the poor economy have pushed an increase in the number of student loan defaults… Student loan defaults have risen for the fifth straight year as students have an increasingly difficult time paying off their college debt… of the 4.1 million borrowers who began making payments in late 2009 and early 2010, 9.1% defaulted within two years, up from 8.8% the year before… an official three-year default rate… showed that last year’s 8.8% default rate ballooned to 13.4%… ‘This default data raises serious questions about the quality and value of the education students receive from these schools’…”

With so few jobs available you have to ask yourself why college students keep going into so much debt when it’s so much more promising to be an entrepreneur. The very definition of employment is selling your time to the lowest bidder for the least they’re willing to pay you. Do this over and over and they call it a career. When you’re young and the world is your oyster, that’s the time to consider starting your own business and becoming financially independent. If all else fails, you can get a job.

Then there’s this. Mow lawns all summer, shovel snow all winter, save up and open an account with Prism Solutions. Let our automated wealth augmentation services help compound a tiny stash into a considerable nest egg. Maybe you can retire when you’re 30 and let your parents move in with you.

Getting started is as easy as requesting your FREE, no-obligation consultation. We stand ready to help you achieve your wealth development goals and answer your toughest questions.

And May All Your Investments Be Profitable…

David Taylor and Gordon Philips, Directors
Prism Solutions, LLC

‘Better Investing Through Science’

The Prism Daily
Your ‘One-A-Day’ financial supplement, including trace elements of economic analysis that every healthy investor needs. Addresses a wide variety of monetary afflictions, from vacillation to impecunity. Specially formulated to go down easy! WARNING: Side effects may include elevated cognition and bouts of epiphany. If symptoms persist, unplug cable TV.

Your Prism Solution
Let us help you grow a modest portion of your investable net worth at rates of return with the potential to DOUBLE your money every 18-24 months and generate a sustainable retirement , not to mention getting you far ahead of the coming Big Inflation at the same time. You can get started with just a $2,500 minimum account and your first billing period is FREE. Click here for details.

Access Our Archives
– Read past issues of the Prism Letter here
– Read past issues of the Prism Daily at our blog

Join Our Mailing List
Did a friend forward you this issue? Click here to subscribe to our mailing list and receive all of our timely and informative communications, FREE in your inbox.

The latest economic news and updates, 140 characters at a time. Follow us here.

24/7 Telephone Hotline
In a hurry? Quick…. dial +1-641-715-3900. Enter extension 985062 and press # for a quick overview of our wealth generation services.