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Posts Tagged ‘how to pay for college’

America’s Trillion Dollar Student Loan Train Wreck (with Video)

Posted by Larry Doyle on October 27th, 2012 6:44 AM |

Can you imagine the media coverage of a train wreck in which the passengers largely consisted of hundreds of thousands of American college, university, and graduate students? Every news outlet in this nation would set up shop by the roadside to cover that massive human interest story.

Well, that train wreck is playing out in slo-motion each and every day in our country. Is that right? Yep, and it has garnered little of the requisite attention it deserves. Let’s navigate and take a personal look inside the trillion dollar student loan disaster. Interesting that it takes coverage from Euronews to shine a light on this pileup. (more…)

Student Debt Bubble: Impending Doom for Colleges

Posted by Larry Doyle on May 14th, 2012 11:27 AM |

“We know the model is not sustainable,” said Lawrence T. Lesick, vice president for enrollment management at Ohio Northern University. “Schools are going to have to show the value proposition. Those that don’t aren’t going to be around.”

(The New York Times; May 14, 2012)

The student loan debt bubble is beginning to get a LOT of attention. As well it should.

That attention is deserved when a level of debt surpasses $1 TRILLION. The New York Times drew further attention to this situation this weekend in an extensive and very personal commentary, A Generation Hobbled by the Soaring Cost of College.

I have tried to draw focus to the MASSIVE size of this problem and its accompanying implications over the course of the last year in writing the following:  (more…)

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