11 Facts About America’s Wildly Out Of Control Student Loan Debt Bubble

11 Facts About America’s Wildly Out Of Control Student Loan Debt Bubble By Michael Snyder Higher education has become one of the biggest money-making scams in America.  We tell all of our young people that if they want to have a bright future, they must go to college.  This message is relentlessly pounded into their heads for their first 18 years, and so by the time high school graduation rolls around for many of them it would be unthinkable to do anything else.  And instead of doing a cost/benefit analysis…

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Colleges Can Kill Creativity By Offering One-Size-Fits-All Education

Colleges Can Kill Creativity By Offering One-Size-Fits-All Education By Steven Maxwell With student debt at record levels (and a more aggressive approach to collecting those loans), combined with a diminishing guarantee of employment in their field upon graduation, more people than ever are closely evaluating the financial realities of college in the 21st century. However, even the core aspect of a college education — acquiring the fundamentals of learning and the development of useful real-world skills and creativity — is also worthy of closer scrutiny. By way of disclosure, I…

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Student Loan Debt is Getting Ugly

Student Loan Debt is Getting Ugly By Craig Eyermann On May 31, 2018, the total public debt outstanding of the U.S. government stood at $21.145 trillion dollars. Of that amount, $1.211 trillion was borrowed so that Uncle Sam could be in the business of making student loans. Over $1 trillion of that subtotal was borrowed after President Obama took over the student loan industry on March 30, 2010. The Ugly Hockey Stick As trends go, the chart of the history of the U.S. government’s borrowing to fund student loans looks like an ugly hockey…

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