Tag Archives: student loan bubble

Absence Of Profit Motive Is Exactly What's Wrong With Student Loans

Absence Of Profit Motive Is Exactly What's Wrong With Student Loans

Senator Heidi Heitkamp is on a statewide tour aimed at ingratiating herself with college students by talking about the student loan issue. In the Senate Heitkamp has opposed introducing some market forces to the heavily-inflated student loan market,and here in North Dakota she’s seemingly arguing against any sort of market forces for student loans. “Everybody

The Cost Of Student Loans Must Go Up

Last month House Republicans passed legislation which would tie interest rates on student loans to US Treasury notes, with a cap at 8.5%. This would have the effect of introducing at least some element of market forces to the student loan market. Democrats in the Senate have a plan, not yet voted on, which would

Higher Ed Auditor Resigns Calling North Dakota University System A "Dead End"

According to this Associated Press report Director of Internal Audit and Risk Assessment Bill Eggert – the guy whose audit report uncovered hundreds of phony diplomas at Dickinson State and who more recently rejected accusations of cooked data aimed at Chancellor Hamid Shirvani – is resigning because he sees his job as being a “dead

Two Year Tuition Freeze For North Dakota Universities Voted Down

“I think you’ve almost guaranteed yourself a [tuition] freeze,” said Rep. Bob Martinson back in 2011 during a committee hearing in which legislators chastised North Dakota State University for a massive 8.8% tuition hike that went well beyond the guidelines legislators had set in the budget. Today the North Dakota House had a chance to

Are $10,000 Degrees The Answer To The Higher Education Bubble?

The cost of a degree has exploded over the last several decades, growing faster than even problem areas like the cost of medical care. Student loan debt, as a result, has also ballooned even as the value of a four-year degree has flat lined. Obviously, we’re doing something very wrong with the way we do

Grand Forks Herald: Please Pay No Attention To The Student Loan Bubble

When the higher education/student loan bubble pops, the folks at the Grand Forks Herald should be indicted (figuratively, not literally) as co-conspirators. Because despite a report illustrating the bubble perfectly, despite a report in their own paper showing that student loan debt has exploded even as the degrees students are purchasing have fallen in power,

College Tuition Has Increased 1,135% Since 1978

If you track any cost increase over the course of several decades you’re going to get a large percentage increase. Prices inflate. So hearing that college tuition has increased 1,135% since 1978 might not immediately seem alarming, until you put that cost increase side-by-side with other costs in the economy. And then you begin to

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

Obamacare Will Make Premiums Higher For Younger Americans

The Affordable Care Act isn’t doing much to make health insurance more affordable. According to a new study, young Americans can expect big increases in premiums under the law. Something that’s not great given other problems young Americans are facing, such as being crowded out of the job market and facing a student loan bubble.

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