The student loan racket – For-profit enrollment growth surged by 225 percent in last decade. For-profits live off the 85 percent of revenues they receive from the government and filter out to their Wall Street owners.
The loud commotion you hear rattling the global economy is the massive debt bubble imploding. A few notable economists have stated that too much debt is reached simply when the public acknowledges that there is too much debt. To this point the public is now waking up to the reality that too much debt is […]
The $1 trillion student loan market begins to implode – Department of Education shows two-year default rates at for-profit colleges up to 15 percent. Student loan debt increasing at a rate of $170,000 per minute.
We seem to have entered an era of perpetual and unshakeable financial bubbles and the next ripe bubble to burst is in the student loan market. Student loan debt has become the fastest growing debt sector throughout the economic recession. Growth at for-profit colleges has been incredible and tactics used at these institutions reflects patterns […]
The next massive debt bubble to crush the economy – 10 charts examining the upcoming implosion of the student loan market. $1 trillion in student loans and defaults sharply increasing.
In the land of predatory bubbles it looks like higher education is now fully caught up in the credit market implosion. In the same debt produced vein as housing, college used to be a relatively cheap bet with decent results in the long-term. Even if you went to public universities and picked up a degree […]
College education becomes a predator’s lounge for Wall Street and the government – Since 2000 the real cost of college is up by 23 percent yet the real earnings of college graduates is down by 11 percent.
The cost of going to college seems to defy the rules of fundamental economics and basic gravity. Over the last decade the real earnings of college graduates has fallen yet the cost of a four year education continues to go up almost oblivious to this fact. These kinds of dislocations in markets typically signify bubbles […]