The financial gouging of the American college student: Tuition is up 300 percent from 1990 and total outstanding student debt has grown by over 1 trillion dollars since 2000.
Inflation is such an insidious standard of living destroyer. Little by little those dollars in your wallet get worth less and you suddenly find yourself needing to go into large levels of debt to purchase cornerstones of the American Dream. Going to college has been the dream for many Americans after the G.I. Bill was […]
Is college worth the 172 percent price increase over the last 9 years? The cognitive dissonance between rising tuition and falling wages.
$1.36 trillion. That should sound like a lot of money because it is. How much is $1.36 trillion? Texas has an annual Gross Domestic Product of $1.4 trillion. $1.36 trillion is the amount of student debt that is attached to millions of Americans like a financial albatross. There is an ugly thing about this unrelenting […]
Are you looking to earn low wages? A college degree might be your ticket. College earning power dwindles over the last 15 years.
We constantly hear the loud drumbeat that a college degree is your ticket to untold fortunes. Of course we never get the detailed report showing students that are drowning in debt and also many that went to for-profit schools or pursued unmarketable majors and guess what? These people would largely have done better by not […]
Student and auto debt fuel credit bubble 2.0: Student loans carry the highest delinquency rate of all debt classes. Student and auto debt up $1.15 trillion in last decade.
A large portion of our recent recovery has come from debt fueled consumption. The bailouts have been favorable to financial institutions but access to debt for American families has been in segments that are counterproductive to wealth accumulation. There is no benefit in having access to cheap loans for purchasing a car, an “asset” that […]
Student debt now makes up nearly half of federally owned financial assets. The student debt bubble edges on with many more unable to pay their debt.
The student debt epidemic is spiraling out of control and the public is becoming more aware of the situation. $1.3 trillion in student debt is now outstanding. This is already a problem with nearly one out of three loans in repayment already in some form of delinquency. Clearly if you are not paying back an […]
1 out of 4 college adjunct faculty collecting government assistance: Students in debt and professors barely getting by all the while tuition soars.
The student debt crisis continues to move across the nation’s landscape like an unrelenting storm. The stories of economic pain are growing involving students but what about adjunct professors? For those of you that are unfamiliar, adjunct professors are like contract teachers at many colleges. Many carry a heavy teaching load but receive very little […]
Largest for-profit sees half of its students vanish in last five years: For-profits under fire as value comes into question.
Many prospective students are starting to become savvier when it comes to looking at colleges. For-profit colleges largely rely on federal funding and market to lower income Americans. There is little oversight for the colleges in producing any sort of measurable result. Many students are simply saddled with massive debt and a degree that has […]