Jul 21 2013

Arrested development courtesy of student debt: How student debt is putting the lives of many young Americans on hold.

Many young Americans view student debt as a necessary evil in pursuing higher education.  The level of student debt now reaches Himalayan levels as many are falling behind on keeping up with payments.  A double-edged sword has befallen young Americans.  First, the path to middle class jobs no longer runs through a blue collar industry […]

Jun 29 2013

The most delinquent loan of them all: Student debt delinquencies at record levels on the eve of rates doubling. Half of college graduates working in jobs where their degree is not required.

If the news for college graduates couldn’t get any better.  Our woefully motivated millionaire Congress is unable to figure out what is necessary to stop the doubling of interest rates on student debt.  While the Fed can turn on a dime to rectify zero percent interest rates for member banks, trying to help the youth […]

May 5 2013

The young, educated, and massively in debt college generation: Total student debt outstanding approaches $1.1 trillion. 65 percent of all outstanding student debt held by those 39 and younger.

It is interesting to hear older politicians take the podium and wax and wane poetically how young Americans are not working hard enough or need to take responsibility for their actions in the current economy.  The reality of the situation is the recent recession has punished the young disproportionately.  The young have seen their net […]

Feb 15 2013

The higher education racket gets long in the tooth: For-profits account for 47 percent of defaults but make up only 13 percent of total enrollments.

Bubbles do not burst in a nice orderly fashion.  In fact, incredible graft enters the system where it becomes obvious to any bystander that the bubble is going to burst.  This is the case for higher education.  The US has over 4,000 colleges and universities, with many of them operating like glorified paper mills.  Similar […]

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