{"id":2638,"date":"2012-03-21T20:56:10","date_gmt":"2012-03-22T01:56:10","guid":{"rendered":"http:\/\/www.mdmproofing.com\/iym\/weblog\/?p=2638"},"modified":"2012-03-21T20:56:10","modified_gmt":"2012-03-22T01:56:10","slug":"daily-student-loan-idiocy","status":"publish","type":"post","link":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/","title":{"rendered":"Daily Student-Loan Idiocy"},"content":{"rendered":"<p>Man, I could practically write a standalone blog just on the topic of student loans, couldn&#8217;t I? I mean, the fodder is <b>everywhere.<\/b><\/p>\n<p><span class=\"article\">Bloomberg: <a href=\"http:\/\/www.bloomberg.com\/news\/2012-03-21\/student-borrowers-lack-understanding-of-loan-terms-study-shows.html\" target=\"_blank\">Student Borrowers Lack Understanding of Loan Terms<\/a><\/span><\/p>\n<p>This little snippet is pretty darn tough to ignore:<\/p>\n<div class=\"blurb\">\n<p>Marjorie Gelin Goodwin, 37, one of the respondents, said she owes about $107,000 in federal loans and about $15,000 in private loans for college and graduate school. She is in forbearance on her federal loans, meaning she isn\u2019t making payments. She didn\u2019t understand that her private loans would have a variable rate that could fluctuate so greatly, she said in an interview.<\/p>\n<p>\u201cI was surprised by how much my student-loan payments would take away from my income,\u201d said Goodwin, who works at a nonprofit organization in San Francisco. \u201cI\u2019ll be retired and still paying my student loans at the rate I\u2019m going.\u201d<\/p>\n<\/div>\n<p>You just <b>really<\/b> have to read that article. As that great philosopher, Homer Simpson, might say:<\/p>\n<p><i>&#8220;The stupid, it burns!&#8221;<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Man, I could practically write a standalone blog just on the topic of student loans, couldn&#8217;t I? I mean, the fodder is everywhere. Bloomberg: Student Borrowers Lack Understanding of Loan Terms This little snippet is pretty darn tough to ignore: Marjorie Gelin Goodwin, 37, one of the respondents, said she owes about $107,000 in federal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,17,29],"tags":[],"class_list":["post-2638","post","type-post","status-publish","format-standard","hentry","category-debt","category-news","category-student-loans"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Students Don&#039;t Understand Loans<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Students Don&#039;t Understand Loans\" \/>\n<meta property=\"og:description\" content=\"Man, I could practically write a standalone blog just on the topic of student loans, couldn&#8217;t I? I mean, the fodder is everywhere. Bloomberg: Student Borrowers Lack Understanding of Loan Terms This little snippet is pretty darn tough to ignore: Marjorie Gelin Goodwin, 37, one of the respondents, said she owes about $107,000 in federal [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/\" \/>\n<meta property=\"og:site_name\" content=\"Money Musings\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-22T01:56:10+00:00\" \/>\n<meta name=\"author\" content=\"Michael\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/\"},\"author\":{\"name\":\"Michael\",\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/#\/schema\/person\/9d5b5e0cd8c50c2ff0f4a1df112a5a42\"},\"headline\":\"Daily Student-Loan Idiocy\",\"datePublished\":\"2012-03-22T01:56:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/\"},\"wordCount\":167,\"commentCount\":3,\"articleSection\":[\"Debt\",\"In the News\",\"Student Loans\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/\",\"url\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/\",\"name\":\"Students Don't Understand Loans\",\"isPartOf\":{\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/#website\"},\"datePublished\":\"2012-03-22T01:56:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/#\/schema\/person\/9d5b5e0cd8c50c2ff0f4a1df112a5a42\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Student-Loan Idiocy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/#website\",\"url\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/\",\"name\":\"Money Musings\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/#\/schema\/person\/9d5b5e0cd8c50c2ff0f4a1df112a5a42\",\"name\":\"Michael\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/2ed3cc00ccbe418a46908aff759f0164eaa603a5944928ead8ba144229b89d7c?s=96&d=http%3A%2F%2Fwww.mdmproofing.com%2Fiym%2Fweblog%2Fwp-content%2Fthemes%2Fmusings%2Fimages%2Fuser.gif&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2ed3cc00ccbe418a46908aff759f0164eaa603a5944928ead8ba144229b89d7c?s=96&d=http%3A%2F%2Fwww.mdmproofing.com%2Fiym%2Fweblog%2Fwp-content%2Fthemes%2Fmusings%2Fimages%2Fuser.gif&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2ed3cc00ccbe418a46908aff759f0164eaa603a5944928ead8ba144229b89d7c?s=96&d=http%3A%2F%2Fwww.mdmproofing.com%2Fiym%2Fweblog%2Fwp-content%2Fthemes%2Fmusings%2Fimages%2Fuser.gif&r=g\",\"caption\":\"Michael\"},\"sameAs\":[\"http:\/\/www.mdmproofing.com\/iym\/\"],\"url\":\"https:\/\/www.mdmproofing.com\/iym\/weblog\/author\/Michael\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Students Don't Understand Loans","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/","og_locale":"en_US","og_type":"article","og_title":"Students Don't Understand Loans","og_description":"Man, I could practically write a standalone blog just on the topic of student loans, couldn&#8217;t I? I mean, the fodder is everywhere. Bloomberg: Student Borrowers Lack Understanding of Loan Terms This little snippet is pretty darn tough to ignore: Marjorie Gelin Goodwin, 37, one of the respondents, said she owes about $107,000 in federal [&hellip;]","og_url":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/","og_site_name":"Money Musings","article_published_time":"2012-03-22T01:56:10+00:00","author":"Michael","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Michael","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/#article","isPartOf":{"@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/"},"author":{"name":"Michael","@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/#\/schema\/person\/9d5b5e0cd8c50c2ff0f4a1df112a5a42"},"headline":"Daily Student-Loan Idiocy","datePublished":"2012-03-22T01:56:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/"},"wordCount":167,"commentCount":3,"articleSection":["Debt","In the News","Student Loans"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/","url":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/","name":"Students Don't Understand Loans","isPartOf":{"@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/#website"},"datePublished":"2012-03-22T01:56:10+00:00","author":{"@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/#\/schema\/person\/9d5b5e0cd8c50c2ff0f4a1df112a5a42"},"breadcrumb":{"@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/03\/daily-student-loan-idiocy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.mdmproofing.com\/iym\/weblog\/"},{"@type":"ListItem","position":2,"name":"Daily Student-Loan Idiocy"}]},{"@type":"WebSite","@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/#website","url":"https:\/\/www.mdmproofing.com\/iym\/weblog\/","name":"Money Musings","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mdmproofing.com\/iym\/weblog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.mdmproofing.com\/iym\/weblog\/#\/schema\/person\/9d5b5e0cd8c50c2ff0f4a1df112a5a42","name":"Michael","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2ed3cc00ccbe418a46908aff759f0164eaa603a5944928ead8ba144229b89d7c?s=96&d=http%3A%2F%2Fwww.mdmproofing.com%2Fiym%2Fweblog%2Fwp-content%2Fthemes%2Fmusings%2Fimages%2Fuser.gif&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2ed3cc00ccbe418a46908aff759f0164eaa603a5944928ead8ba144229b89d7c?s=96&d=http%3A%2F%2Fwww.mdmproofing.com%2Fiym%2Fweblog%2Fwp-content%2Fthemes%2Fmusings%2Fimages%2Fuser.gif&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2ed3cc00ccbe418a46908aff759f0164eaa603a5944928ead8ba144229b89d7c?s=96&d=http%3A%2F%2Fwww.mdmproofing.com%2Fiym%2Fweblog%2Fwp-content%2Fthemes%2Fmusings%2Fimages%2Fuser.gif&r=g","caption":"Michael"},"sameAs":["http:\/\/www.mdmproofing.com\/iym\/"],"url":"https:\/\/www.mdmproofing.com\/iym\/weblog\/author\/Michael\/"}]}},"_links":{"self":[{"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/posts\/2638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/comments?post=2638"}],"version-history":[{"count":4,"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/posts\/2638\/revisions"}],"predecessor-version":[{"id":2650,"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/posts\/2638\/revisions\/2650"}],"wp:attachment":[{"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/media?parent=2638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/categories?post=2638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mdmproofing.com\/iym\/weblog\/wp-json\/wp\/v2\/tags?post=2638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}