Jul 22 2015

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 […]

Jun 11 2015

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 […]

May 14 2015

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 […]

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Apr 20 2015

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 […]

Mar 15 2015

The next bailout will be with student loans: White House takes first steps in allowing a bankruptcy option for student debt. $1.2 trillion in student debt outstanding.

It truly is absurd when you hear people moralizing that people should pay their student debt when virtually every other debt class can be discharged through bankruptcy.  You can go to Las Vegas, run up $50,000 in credit card debt for a wild night, and if you are unable to pay it back, no problem.  […]

Mar 10 2015

The young, broke, and indebted American: 45 percent of 25 year olds carry student debt and the median net worth of those 35 and younger is one month of expenses.

It is clear looking at economic data that young Americans were not sent the memo regarding this economic recovery.  People do realize that the “Great Recession” officially ended in the summer of 2009, right?  We’re heading into year six of this recovery but many are simply seeing lower paying jobs, a deeper reliance on debt, […]

Jan 24 2015

Profits of doom: For-profit colleges are the resurrection of subprime mortgage lenders for the college industry.

At a time when the cost of a college education is being thoroughly questioned, there is one area we should all agree on.  For-profit colleges are largely a distraction to fixing our higher education system and operate as the subprime lenders in college education.  For-profit colleges claim they are trying to provide an education to […]

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