Choosing a college major is a big deal for most prospective students. After all, with colleges now routinely costing $40,000 to $50,000 a year for selective private institutions students should be asking what degrees are worth it. Look at recently released data for college majors and we find some interesting although not ground breaking data. [...]
Student loan market created a tuition bubble rivaling the housing bubble. When banks and government subsidize markets the average American gets an education in debt serfdom. For profit schools dominate the Pell Grant market.
Recently a handful of articles have discussed the rise of subprime debt in higher education. Broadly speaking a college educated American has lower unemployment, higher earnings, and a better potential for financial success. Like the housing market, the emotional notion that everyone should own a home allowed the predatory banking industry with government support to [...]
A Degree in Massive Debt (MD) – For-profit and private schools using the budget problems in state schools to lure in more students into debt. The extraordinary cost of going to college in the United States.
In the last few weeks, there has been a surge of articles in mainstream media channels discussing the massive cost of education. Whenever I read books with a biographical baby boomer edge, you will likely get a line of, “I didn’t need a college loan because I worked a part-time job and went to school.” [...]