Apr 23 2011

Student loan shark industry – total revolving debt contracts during recession while student loan debt increases by a stunning 80 percent on an annual basis. A college degree for working at McDonald’s?

College sticker shock is probably stunning many parents as college aged students now sign their intent to register at thousands of schools across the country.  You can almost feel the panic when Johnny or Suzie tells mommy and daddy she is going to University of Break the Bank while they watch their home equity plummet.  […]

Mar 8 2011

College Marauders – Student loan debt inches to $900 billion when only in 2000 it was at $200 billion – Most expensive colleges in country charging nearly $60,000 per year in tuition.

College education is a dream for many Americans.  What the current recession is showing us is that having a college degree is a substantial benefit in getting ahead as long as you don’t put yourself into the abyss of student loan debt.  This has been magnified by the fact that low skilled work and blue […]

Sep 6 2010

The privateers of education – How banks collude with the government to inflate college costs. Student loan debt now surpasses total credit card debt.

One of the more ominous statistics coming from this recession is that student loan debt has now surpassed total credit card debt in the United States.  The reason for this is based on the deep impact of the recession.  Credit card debt peak at $975 billion back in September of 2008 and is now down […]

Apr 5 2010

What does it mean to be Middle Class in 2010? – No College Degree, Massive Amounts of Debt, One Health Crisis from Bankruptcy, and Beholden to the Banking Elite.

Being middle class today does not carry the financial security that it once carried in the 1950s and 1960s.  Interestingly enough, many Americans at that time did not own stocks yet somehow they managed well because they had access to affordable housing without toxic mortgages and many had the ability to work with one company […]

Sep 6 2009

Does a College Degree Protect your Career? Unemployment Rate for College Graduates Highest on Record.

As many students begin applying for the 2010 academic school year, students are looking at an economic climate where endowments are hit, student loans are more restrictive, and parents have seen 529 plans sink along side their retirement plans.  The upcoming school year will be highly competitive and expensive but will it be worth it?  […]

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