Making fun of going to art school as a futile and self-indulgent formula for regret is like... even more cliched than making fun of law school. Unfortunately, the latest economic data confirms that everyone must continue with this trite (and, frankly, unfunny) form of mockery until the situation on the ground changes.
To the litany of disastrous news about our nation's huge student debt burden, we can add this: more and more of that debt is being held by the borrowers least able to pay it back.
Mighty timely New York Times story this morning about colleges, institutions created to set bright young people on a course of lifetime penury. What with all the attention paid to the fact that students are drowning in debt due to student loans, we often overlook the financial situations of the schools themselves. How…
If thinking about the dangerous student debt bubble stresses you out, well, just don't read this.
Look at this guy, Opanin Gyaami, right here: he's a dentist, he's 71 years old, and he's still repaying his student loans, from the 1980s! When you see a wacky case like this, it's natural to ask yourself, "Ignoring the fact that Mr. Gyaami is a bad example because his debt is largely due to the fact that he ignored…
The student debt crisis is overhyped! Unless you're young, poor, female, or nonwhite.
The University of Phoenix is shutting down 115 of its bloodsucking fake college locations in the U.S., about half of the total number of centers of flimflammery. This may be seen as part of the larger trend of the decline of so-called "for profit colleges," which is a good thing, in the sense that these schools are…
To briefly recap: America is currently in a student loan bubble, holding an unimaginably huge amount of student debt, as delinquency of loan payments swells, and even the well-off question whether they can afford college. It would seem, then, rather obvious that student loan debt is too big. Surprise: the people who…
Federal student loans are unconstitutional and put the country on a path toward a WWII-style Holocaust, Rep. Roscoe Bartlett (R-MD) told his constituents yesterday.
This WSJ story today on the rising cost of college for the affluent is a cavalcade of shocking statistics about our current student debt crisis: the average price of a four-year college has more than doubled in real terms since 1985; three million households owe $50k or more in student loans, a number that's tripled…
The funniest (meaning "most horrific and devastating") thing about student loans is that, thanks to some nifty lobbying, you cannot get rid of them in bankruptcy. They just stick around like one of the more bothersome STDs no matter how impoverished you become. But that might change, a bit! Which would be major news…
The student loan bubble that threatens to envelop America is a truly remarkable form of penury: your debt ruins you financially, and you may never even reap any benefits from it, thanks to our nation's horrible economy! And now, a second, even more devious peril is becoming clear: you could still be repaying your…
America is currently embroiled in a student loan bubble and when it pops, wooo buddy. *Makes whistling sound, gazes off into distance*... let's just say that I hope you can use some lacquer and a long stick to turn your college diploma into some sort of edged weapon to fight off the starving graduate student food…
This qualifies as a bit of a vague, not totally well-established-in-a-statistical-way trend; but the fact that it exists at all for one single person in America is, I believe, newsworthy. Families are taking out tens of thousands of dollars worth of loans in order to pay for private kindergarten for their whelps. That…
On the same day that we learn that student loan debt in America has passed the $1 trillion mark—meaning that student debt is even worse than we thought just weeks ago—it's reassuring to also learn that this massive, shaky bubble is perched on a firm foundation of complete financial ignorance.
When we last checked in on the student loan bubble, debt levels stood at "unimaginably huge." And now? Still unimaginably huge. And poised to destroy your family, as well!
Reporting live from the wavering edge of the Student Loan Bubble: congratulations, collectively impoverished college students and recent graduates losing hope week by week! You've managed to achieve what many pointy-headed "Economics" professors might have called "inadvisable" or even "insane:" the highest student…
America's finest colleges and America's finest corporations aren't all that different: they're both sitting on huge piles of cash, complaining about the economy, and soaking you, the consumer, for all you're worth. Simultaneously!
Perhaps you've been congratulating yourself on having less than $200,000 in student loan debt, telling yourself your own student loans aren't so bad. Well, stop that! The 2010s are the decade of "Feeling Bad About Your Student Loans."
Last November we introduced you to Kelli Space, a 23 year-old who graduated from Northeastern University in 2009 with an undergraduate sociology degree and $200,000 in student debt.
