The Next Big Bubble Burst - Higher education and pupil Loans

Student Loans Bubble - The Next Big Bubble Burst - Higher education and pupil Loans

Not long ago, an acquaintance asked me what I belief the next economic or commerce bubble to burst. I had to mention healthcare, but I also explained how we were in fact on a mad tear down a dead end road with regards to college costs and college loans. Let's talk shall we?

Student Loans Bubble

The Senatorial Committee Hearings on Federal Student Loan schedule in late March 2014 were quite telling. Many Democrat Senators would not hear any of the reality to the default rates or trending challenges, instead they wanted to cut off real-world banking, financing and lending devotee guidance for a belief that lending money to poor students regardless of their potential to repay would best help close the "inequality gap" but the truth is that economically enslaving the poor students with expected debt for their college degrees, many of which will not be helpful in the job store when they graduate is quite insidious indeed.

One Republican made note of the need for skin in the game, and many giving testimonials explained how part time students were taking out loans in excess of full time students, using the money to pay bills or buy a new car, even though they were already on other collective programs, possibly particular moms who may not be able to work even once graduated due to their mom duties. There was testimony about how many dropped out of school, never got their degree and were then defaulting. All the while tuition costs are skyrocketing and raising the price of the instruction and the estimate of the loan.

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