Tuesday, July 24, 2012

The Looming Student Loan Bubble – Almost 50% of Borrowers Not Making Payments


'For many, college is an overpriced scam. The quality of education has decreased precipitously as the government has poured money into student loans and the whole media, government and education establishment has promoted college for EVERY kid with an IQ over 75. This a ridiculous scenario, and it’s not helped by the admission of countless “students” on “athletic scholarships.” So many of these athletes have no business stepping within 5 miles of a university, let alone being handed a degree after 5 years of tutoring, coaching, and cheating.

They get in for free, while real students have to pay tens of thousands for a degree, and then graduate and find that they can’t make more than $12 an hour, which doesn’t allow them to make a dent in their student loans.'