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 […]
The mega inflation in college tuition: Since 1985 college tuition costs have soared by 538 percent. No surprise that total student debt is now over $1.22 trillion.
There was a time when college tuition was reasonably priced in the United States. In fact, college was downright cheap. These were the days when people worked a few hours a week at minimum wage jobs and were able to pay off their tuition on a semester basis. Too bad most of the new jobs […]
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†[…]