Breaking the Chains that Bind...
This is a great video that I first saw about a year ago… The article is posted from one of my favorite blogs, ZeroHedge. The student loan massacre is getting much more attention and the “for profit” colleges already have a target on their back, but I’m waiting for some sort of bailout to come [...]
Here’s an article from Bloomberg that tells us defaults rates are extremely high, but they are even higher at “for profit” colleges. This is just another way of looking at the myth of an education at any cost. It’s a quick read… enjoy. Here is the original link: Article written by Bob Drummond Original Article: [...]
Andrew Hacker teaches at Queens College and Claudia Dreifus is on the faculty as Columbia University’s School of International and Public Affairs. They are the authors of Higher Education?, which has recently been released in paperback by St.Martin’s/Griffin. This is a very nice article printed in its entirety with the a link to the original [...]
The following article was written by Naomi Schaefer Riley and is a sign of things to come regarding college education. No longer is going to college considered an absolute “must” in the business world, but it is becoming more important that a person actually knows how to do something. It is important that a person [...]
2011 college graduates move in with parents due to staggering level of college debt. Original Author is Amanda Fairbanks: NEW YORK — While one’s college graduation is normally a time of jubilation, Megan Muller can more than relate to the sense of defeat that now hangs over the class of 2011. Muller, 26, graduated from [...]
Peter Schiff speaks with a college student who attended Northeastern and was $190,000 in debt. She is now living at home with her parents due to the overwhelming amount of student loan debt. She was told by guidance counselors that money should never stop anyone from going to a “good” school. How in the world [...]
By Tamar Lewin For each student who defaults on a loan, at least two more fall behind in payments on their student debt, a new study has found. The Institute for Higher Education Policy, a nonprofit organization, said in a report that two out of five student loan borrowers were delinquent at some point in the first [...]
By Mike Whitney Alan Nasser is professor emeritus of Political Economy at the Evergreen State College in Olympia, Washington. He co-authored “The Student Loan Debt Bubble” along with Kelly Norman, which appeared in CounterPunch.) MW Is it possible to “walk away” from a student loan and declare bankruptcy? Alan Nasser— No, it’s not possible for [...]
The statistics on rising student debt and the studies that show how this debt leads to stress and unhappiness during and after the school years is one thing. It’s another thing altogether to put a face on the problem. Here’s one of the many stories I’ve heard in recent weeks from folks at least 10 years removed [...]
Would you like your college education to be free? Sure, who wouldn’t? Well, the people of Tunisia and Egypt are learning that whenever the government supplies something, it is never really “free.” In Tunisia, “free” university education is guaranteed to anyone who passes the government’s exams at the end of high school. Largely as a [...]
