Higher Ed Bubble: Number Of PhD And Masters Degree Holders On Welfare Has Tripled
A depressing infographic, via Zero Hedge.
And as the data points depress you, consider this too: “According to government data, compiled by the Treasury Department at the request of SmartMoney.com, the federal government is withholding money from a rapidly growing number of Social Security recipients who have fallen behind on federal student loans. From January through August 6, the government reduced the size of roughly 115,000 retirees’ Social Security checks on those grounds. That’s nearly double the pace of the department’s enforcement in 2011; it’s up from around 60,000 cases in all of 2007 and just 6 cases in 2000.”
But yeah, let’s keep pouring money into subsidizing higher ed and student loans. It’s working out so well.