Posts Tagged ‘are student loans a bubble’
Posted by Larry Doyle on April 10th, 2012 7:04 AM |
I have often thought, “If education is expensive, try ignorance.”
I strongly believe that the key to future prosperity is a quality education. That said, there is increasing evidence that the costs connected to higher education have ratcheted higher at an unsustainable pace. I initially addressed this critically important topic a year ago in a commentary entitled, Are Student Loans an Impending Bubble? Is Higher Education a Scam?. I wrote then:
I am a huge proponent of the need for quality education in our nation. That said, as this expose reveals there are MANY serious problems, conflicts of interest, and assorted other issues in higher education today. A racket, you might ask? Yes, in a manner of speaking, there are certainly elements of a racket within higher education today.
I welcome readdressing this topic today. (more…)
Tags: are student loans a bubble, can middle income people afford higher education, college population trends, cost of education, cost of education vs level of incomes, cost of higher education, Demos, federal funding of higher education, gap between cost and financial aid, how to pay for higher education, if education is expensive try ignorance, is a college degree worth it, is higher education a racket, is higher education a scam, is higher education affordable, John Quinterno The Great Cost Shift, prohibitive cost of higher education, report of costs and benefits of higher education, shifts in demographics in higher education, state funding of higher education, state investment in higher education, student lending, The Great Cost Shift, trends and patters in tuition and financial aid, trends in higher education, what is driving the cost of education
Posted in Education, General | 3 Comments »
Posted by Larry Doyle on August 4th, 2011 7:11 AM |
I have a soft spot for those within our society whom I believe are preyed upon and ultimately victimized by the perils and pitfalls of modern day finance.
I fully appreciate that people need to be held responsible for their personal behaviors and decisions, but we need to acknowledge that the tangled financial web that our nation has woven has placed many members of our society in untenable positions.
The story I address today is perhaps one of the saddest I have encountered since launching Sense on Cents in early 2009. (more…)
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Posted in Education, General | 5 Comments »
Posted by Larry Doyle on June 22nd, 2011 7:52 AM |
Few commentaries here at Sense on Cents have received as much attention as that which I wrote a few months ago highlighting issues within the student loan market and questioning the value and integrity of higher education. That commentary, Are Student Loans an Impending Bubble? Is Higher Education a Scam? hit a nerve on many fronts.
Today, our focus on this segment takes a new twist and we get a “behind the scenes” look at the intrigue and innuendo encompassing a hedge fund which would seem to believe that the student loan market may be a bubble and higher education for profit may just be a scam.
Potential of insider trading, investigative hedge fund research, prospects for increased regulation of the for profit education industry. This story would seem to have it all. (more…)
Tags: are student loans a bubble, Department of Education and Front Point, Diane Schulman and The Indago Group, education regulation, education scam, for profit education enterprises, FrontPoint reorganization, hedge fund investigations, hedge fund research, increased regulation of for profit education, is higher education a scam, leaks from Department of Education, POGO Adam Zagorin, POGO Investigation Provokes Probe from Private Dick, potential of insider trading, regulating Phoenix University, Sense on Cents, Steve Eisman of Front Point, student loan bubble, student loans, student loans leave many in massive debt, value of higher education, Wall Street short sellers, who is Diane Schulman
Posted in General | 8 Comments »
Posted by Larry Doyle on April 26th, 2011 9:00 AM |
What did we experience in the sub-prime housing debacle?
1. Shoddy underwriting standards for borrowers.
2. A massively flawed system promoted and perpetuated by the Wall Street securitization business.
3. Borrowers overleveraged leading to skyrocketing rates of foreclosures and defaults.
4. A mentality that housing finance could promote a real social benefit and a profitable enterprise.
5. A government backstop and ultimate bailout for investors.
6. An ultimate fiasco for our society as a whole.
Have we learned our lessons from the sub-prime housing nightmare? Could we possibly be going down the same path in another segment of our economy? Yesterday a reader inquired if I had addressed the potential impending fiasco in student loans. This morning I discussed the cost of higher education with my better half. Will our economy be able to generate both the jobs and income levels for students to manage their increasing levels of indebtedness? (more…)
Tags: amount of outstanding student loans s, are student loans a bubble, Bad Education, Bankruptcy Abuse Prevention and Consumer Protection Act, because they can, college arms race, college education, college finances, comparisons to sub-prime lending, Department of Education, Ensuring Continued Access to Student Loans Act, eWallstreeter, Federal Family Education Loan Program, FFELP, financing of higher education, for profit education enterprises, GAO, Government Accountability Office, growth in tuitions, higher education, how colleges work, How the University Works, how to finance a college education, husband of Diane Feinstein, is higher education a scam, Kaplan Higher Education, Marc Bousquet, n +1, Pell Grant money, private loans to college students, Project on Student Debt, recruiting students, Richard C. Blum of University of California, Sallie Mae, Sense on Cents, SLABS, SLMA, student borrowing, student indebtedness, student lending, student loans, student loans comparison to sub-prime mortgages net loan, students declaring bankruptcy, sub-prime lending in student loans, university arms race, University of Phoenix, what are SLABS, what happens when students default on student loans, why have education costs risen so high, why is education so expensive, will education expenses continue to increase
Posted in General | 22 Comments »
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