Debt-fueled bubbles, bubbles, bubbles… first home prices, now higher education and taxi medallions
That there is a student-debt-fueled higher education bubble, not unlike the debt-fueled housing bubble, seems clear from the data and charts presented above.
Using Humor to Enlighten Americans about the Higher-Ed Bubble
It is starting to dawn on people that the cost of college is far out of line with any educational or financial benefits. That has the higher education establishment very worried. Even with the political efforts intended to keep the bubble inflated, more and more people are thinking about alternatives to the typical college degree.
Mark Cuban: This is just the start of the college implosion
A few years ago, Cuban bought the domain “collegedebt.com,” which publishes a live update of how much college loan debt is held by students. The total is just over $1.3 trillion. This debt ultimately will outweigh most of the potential benefit you’re getting from the college education, Cuban said.
Americans are having more trouble paying off their student debt than their houses
It wasn’t always like this. Student loans were the smallest form of household debt until 2009, the Fed data shows.
How Democrats killed Obama’s college savings plan
“It took a public backlash for the president to realize that taxing college savings plans was a bad idea. But withdrawing the proposal is not enough,” said House Ways and Means Chairman Paul Ryan (R-Wis.).
New Study Blasts College Tuition ‘Deception’
Given the disastrous consequences, why, then, do colleges and universities continue to spend so much on non-instructional ventures? Mussano and Iosue’s answer is blunt: “Because they can.”
Waking America Up to the Student Debt Bomb
Administration policy encourages graduates to hunt for non-profit, public interest jobs that qualify them for loan forgiveness after only ten years. The country emphatically does not need to tilt the playing field still more against working in the for-profit sector.
Automatic Payroll Withholding of Student Loan Debt Will Increase College Costs
Making it administratively easier to repay a loan does nothing to change whether taking the loan out is a good idea in the first place. Cumulative student loan debt has surpassed $1 trillion, the bulk of which is represented by federal student loans.
As the Bubble Bursts, Opportunities for Reform
According to the U.S. Census Bureau, the last two years have seen a substantive decrease (930,000) in the number of college enrollments nationally.
Forgive Us Our (Student Loan) Debts?
One of the programs designed to implement Obama’s vision for student loan forgiveness “privileges” (to use a term that’s all the rage these days) those who go on to work for the government or non-profit organizations.