“The unlimited availability of student loans has allowed colleges to sharply raise tuition and fees over the past few years – often simply because they could (as they kept on hiring). The rising cost of higher education in turn forced students to take out larger loans and in greater numbers, increasing the overall loan balances. This feedback loop is clearly unsustainable, particularly as household income growth remains weak. Higher delinquencies are inevitable and as long as the government funds this program, there really is only one way to arrest rising levels of student debt.”
http://soberlook.com/2013/07/the-us-student-loan-problem-facts.html
Related posts:
NYPD shoot at man with finger gun, hit elderly woman with walker, others
Justin Raimondo: Sneaking Back Into Iraq
Reuters: Europeans Demand Government Action to Subdue U.S. Internet Surveillance
Your Stocks and Bonds Are No Longer Your Property
The First Commercial 3D Printed Metal Gun Part
"Startup Cities," Honduras, and Experiments in Freedom
Mike Hearn, Bitcoin Developer - Turing Festival 2013
Internet Sales Tax Tops NetChoice’s List of Ugly Internet Laws
Investing: 'When things go on sale, people run out of the store'
After 2 Years And No Charges, Video Shows Louisiana Cop Executing Merchant
Obama Faces a Bigger Ticking Time Bomb than Obamacare Itself
Australian Gov Now to Seize People's Live Bank Accts – If 'Inactive'
Secret flower planter threatened with arrest if he doesn't stop planting flowers
A Family’s Race to Cure a Daughter’s Genetic Disease
Two Guys Just Started A Site That's Like A Bitcoin-Only Amazon