Snap! Crackle! Pop!...Goes the Student Loan Bubble!

This is why we need to get rid of what we have in office now and bring in more fiscally sound politicans. Whether they're Democrat or Republican, let's get people who know how to manage money to rehaul the monster we have now.

that would be my ex.... she spent more money than I made and we still had food on the table

note: do you have any idea how many parents lived off those student loans

Anyone notice that tuition rose in direct proportion to the amount of money the banksters were willing to loan? And their number$ went up, as the American taxpayers guaranteed no losses for them? With huge compound interest? Yep, we hold THAT bag....

Why would anyone borrow money to get an education with no garauntee of employment? I know how that sounds, but I mean - if I buy a car, I do a little research first - I just don't invest in something that big without understanding what my money is buying. I invested in Engineering - not for everyone I know - but the lines for jobs when I finished college were shorter. Example: I have a buddy that has a major in Greek Theology. I asked him what ever possessed him to get a degree in that field? His answer: "I like Greek history - I thought it was a good choice at the time."

Nope - I really have no sympathy for kids that borrow to get a degree in a field that they "like." Sometimes you need to look at the market and make a decision for something outside your interests and invest in the future.

One last thing - they ought not borrow money for 5-6 year students. It is very possible to complete school in 4 years - it's called studying and not partying.

College tuition has more than doubled since 2000.

An opinion piece written on a website peddling commodities is hardly unbiased. However, I do think they make many good points and that's why I myself have invested in and plan to continue investing in gold shares.

The best advice anyone has ever given me about student loans is one that I read in the book 'Quick Tips For Saving Money.' In it they say keep student loans low and avoid them entirely is possible (or something to that effect).

With the skyrocketing costs of college these days and the inability to get rid of any defaults through bankruptcy a borrower could be stuck with those payments for a lifetime!

quite the contraire: blog on the web are opinionated unless it is a resource/research blog from a reference , like the dictionary

Let's be clear, this is not a news article, but an op ed.

Not critiquing the writer's opinion, which may be partially or totally correct.
But at the end, it's not necessarily what happened, or will happen, it's what the writer opines.

What I opine is that the cost of higher education has gone through the roof, for reasons I'm not sure we understand. As a result, instead of owing a manageable several thousand dollars that my brother owed upon graduating 25 years ago, kids are now owing an average of almost 30 thousand, with some owing 3, 4, and 5 times that.

It's a complicated issue to be certain, and I opine that the writer has hit squarely on 5, maybe 10% of the problems and causes.

ps: I'm not a democrat, or even an Obama supporter per se, but those out there throwing this in the current administration's lap don't have or don't want the facts which are plain and obvious.

Sorry to drone on so. Education for our young people will make a big difference in our country and world down the road, and is kind of a hot topic for me.

tallyho wrote:

...note: do you have any idea how many parents lived off those student loans

Yes, I've seen many do it without the student's knowledge.

T Turner wrote:

<quoted text>
Yes, I've seen many do it without the student's knowledge.

and with as well , think how parents can misled their children