Category Archives: student loans

Zero Hedge:”In other words, the Federal student loan bubble has not only popped, but has all the carbon copy makings of the next subprime crisis.”

The Next Subprime Crisis Is Here: Over $120 Billion In Federal Student Loans In Default And the biggest problem: unlike housing where there is always at least some recovery of collateral, as the house remains, with student debt there is … Continue reading

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Garnished Social Security Wages

We’re talking student loan debt: 2000:  6 seniors 2007: 60,000 seniors 2011: 115,000 seniors Lesson: Most student loan debt is NOT dischargeable in bankruptcy.

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Frank Fleming: “If the goal is to create annoying, useless hippies, I’m pretty sure it can be done for much cheaper.”

This student loan nonsense has to end.

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Student loan crisis

Screw you. The real problem is that we’ve been running a higher education bubble, one that — like the real-estate bubble — has been pumped up by cheap government money. Since 1999, student loan debt has increased by 511%, while … Continue reading

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