"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
A Federal Reserve report details the exploding amount of student loan debt and rising default rates, with 17% of borrowers now late on loans. The economy worsened so many decided to stay in school or go back to school. This…
Our insane level of government debt coupled with too many young people having crushing amounts of student debt means, says Bryan Goldberg at Pandodaily, young people are basically screwed. Unemployment for young people is about double the national average. Student…
Colleges have no skin in the loan game. College loans are guaranteed by the government. The loans are far too easy to get and parents can get snared too with Parent Plus loans. Our student loan program is despicable and…
The student loan bubble is at $1 trillion and growing by $40-50 billion a month. Loans are backstopped by the government. Colleges and lenders have no incentive to insure that the loans can be repaid and this increasingly toxic slop…
The default rate for college loans has risen sharply in California and the rest of the country, from 7% in 2008 to 8.8% in 2009. For-profit colleges have both the highest and fastest-growing rates of default. The Sacramento Bee has…