Ben Bernanke Says That His Son Will Graduate With $400,000 Of Student Loan Debt

[The Northbreather]

Answer to the first sentence of the article.......Me.

http://www.latimes.com/business/mone...,3862067.story

Edit: here's the original link from a different article that didn't show up
http://www.yolohub.com/economy/ben-b...dent-loan-debt

[heavenlyboy34]

Is there an article link here that I can't see?

[WilliamC]

So in addition to being a terrible choice for FED Chairman Bernake is also a terrible father?

I mean who in his position wouldn't pay for their children's college education?

Or do bankers simply eat their own young?

[MRoCkEd]

Wtf? Did he borrow his way through a top undergrad and law school?

EDIT: Actually, Med School

Bernanke, in his exchange with lawmakers, added a personal dimension to the student loan issue, saying that his son in medical school was expecting to owe $400,000 when he graduates.

[UMULAS]

GUYS IT'S OK. HE CAN GET MONEY FROM THE FED TO PAY HIS DEBT.

[oyarde]

If that is true , that is messed up and I do not feel sorry for those two , at all!

[Esoteric]

That's because that he knows that's how you get ahead in a keynsean system. Cheap Credit is King.

[BlackTerrel]

Debt isn't always bad. I have a buddy who is neuroseurgeon resident and when he is done he expects to make 850K/year. He'll have 500K or so in debt when he's done but in that situation it is worth it.

The people who go to University of Phoenix and graduate with 100K debt are far worse off than the medical school kid (with a rich ass father) who are 400K in debt.

You can actually do something with a medical degree.

[fletcher]

Bernanke knows that he will be able to pay that off in a decade for less than the cost of car. He probably recommended it to his son.

[onlyrp]

isn't that petty change for him to bail out?