Amusing:
Student Loans?
April 23, 2008 4:00pm by Barry Ritholtz
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I might soon find myself in that same market. Hope it goes a little better for me.
Primero!
I might soon find myself in that same market. Hope it goes a little better for me.
Primero!
Actually it is quite sad. How do we expect people to pull themselves up by their bootstraps when the man is standing on their chest.
Some loosely related thoughts:
Young Americans cannot compete in a global economy by taking on $100k in non-dischargable debt. Foreign students are educated for cents on the dollar and can afford lower-paying wages, without risking bankruptcy.
To be financial successful after college, students will have to educate themselves “on the cheap”.
Online college will be HUGE. Relocating for college will decline. Lending for college will decline.
This is a deflationary part of our economy.
Taken to it’s logical end, in the cartoon universe depicted the only people able to afford college would be .. kids who enlist for the GI Bill and kids who enroll in ROTC.
I do not know what such a world would look like – I have my hunches based on the work habits of my fellow veterans – but it would be interesting.
It looks more and more that my theory that student loans act as a barrier to entry is pretty accurate.
Making higher education difficult to acquire is THE sure-fire way to become a 2nd class country.
You really got to wonder what the idiots who engineered this burdening of college students with astronomical debts were thinking. Did they want higher education for the moneyed class only?
I’m surprised that only 81% of the people think our country is seriously heading in the wrong direction.