Just ran across this article. It is four days old.
College debt is completely out of control ( http://www.salon.com/2013/01/03/college_debt_is_completely_out_of_control/ ). Its been a year of eye-popping records for student debt. Outstanding student loan debt surpassed credit card debt, with one government estimate pegging total student loan debt at more than $1 trillion. Such staggering figures drew renewed attention to the fact that rising higher education costs and falling government support for state colleges and universities has burdened individual students and their families with immense debt all at a time when new graduates face anemic prospects for getting a decent job. Increasingly, the debt burden falls on parents, not just students. As we reported<http://www.propublica.org/article/how-the-govt-is-saddling-parents-with-college-loans-they-cant-afford> with The Chronicle of Higher Education, the federal Parent Plus loan program allows parents to borrow big from the federal government to fund their childrens college education when grants, scholarships and federal student loans (which are capped at strict dollar amounts) dont suffice. Borrowers with low income, or even no income at all, can still get the loan so long as they pass a check on their credit history. J - Ninety percent of politicians give the other ten percent a bad reputation. - Henry Kissinger Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. - John Quinton On Mon, Jan 7, 2013 at 11:31 AM, Jerry Barnes <critic...@gmail.com> wrote: > "I think that education loans in general are a bubble that will start > defaulting > massively at some point." > > Not a high risk prediction. Interesting though. How will a bubble that > is increasingly controlled by the government effect the economy > > J > > - > > Do we really think that a government-dominated education is going to > produce citizens capable of dominating their government, as the education > of a truly vigilant self-governing people requires? - Alan Keyes > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:359748 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
