Is college worth the debt? The cost of one year of college is higher than the per capita wage of a fully working American.
Going to college has become a rite of passage in America. We’ve left shamanic rituals deep in our human past and have come to accept college as a clear transition point into adulthood. In a consumption based economy, success is typically measured by your ability to consume. Spending prowess is not measured by sea shells […]
Income Based Repayment plan cementing inflated higher education costs for graduate school: How new IBR Pay as you Earn plan will be a big win for graduate students and keep college costs high. Student debt to hit $1.8 trillion in 2020.
It is interesting that the two segments in our economy mired in debt, housing and higher education, were largely inflated courtesy of easy access to debt. New rules on how students pay back their student debt including the Income Based Repayment plan ironically will keep prices inflated. The new program dubbed “Pay as you Earn” […]
The most educated and indebted generation ever – Average student debt has tripled since 1990 while earnings have gone stagnant for college graduates. How much is the college rite of passage worth?
Most have very fond memories of their college going years. Going off to college is one of the few rites of passage that we have in the United States ushering future generations into official adulthood. Yet the cost to attend this passage has gotten astronomically expensive. College has now turned into a very large business […]
Student debt crisis enters a tipping point – Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
The great deleveraging event continues to unwind while one sector of debt continues to grow by leaps and bounds. While other forms of debt have fallen by $1.6 trillion since the peak of the debt bubble mania, student loan debt has increased by a stunning $303 billion since the third quarter of 2008. What is […]
The looming student loan bubble – Almost half of all student borrowers were not making payments. 1 out of 4 in debt repayment past due on student debt.
The aggressive growth in student debt is setting the country up for another debt fueled bubble. Higher education costs have expanded so quickly that Americans now carry $1 trillion of student debt. Most of this expansion has occurred in a time when the return-on-investment for a college degree has fallen. Over the last ten years […]
The broken tassel of American higher education – College debt defaults bring up questions about repayment structure. Is college even worth the current costs?
As hundreds of thousands of young American enter the employment market with newly minted degrees, the clock begins to tick on those heavy student loans. The majority of student loans do not enter repayment until six months after graduation. Yet we are facing tectonic shifts in higher education. The cost of going to college, seemingly […]
Educated and unemployed – majority of unemployed Americans attended some college. Top degrees in fields with little employment demand.
The higher education bubble is racing along to a tipping point especially when the value of a college education is now being questioned on multiple fronts. One of the more prominent arguments being thrown around is the return on investment or value of a college degree especially when the costs of attending a private institution […]