Tag Archives: student debt

Student loans for survival, not education

Student loans for survival, not education

“I’m getting a new bong.” –when I was at a fake school, I overheard a student boasting what he was going to do with his Pell Grant “refund.” When a student, or someone posing as a student, goes to college, he can easily qualify for Federally guaranteed student loan money. Over half the country can’t […] … learn more→

How the new Administration will affect your student loan debt

How the new Administration will affect your student loan debt

With student loan debt on the rise and more borrowers struggling to make their monthly payments, many people are anxiously awaiting the direction President Trump’s administration will take on student loans. Those hopeful for the new administration’s approach to student loan debt look to campaign promises demonstrating favorable repayment plans and student loan forgiveness.  Others […] … learn more→

Student debt doubles since 2008...”Fake News” spins it

Student debt doubles since 2008…”Fake News” spins it

My blog’s only been around a couple years now. When I started, student debt was under a trillion dollars…now it’s more like $1.4 trillion dollars. Our higher education system has been transformed from a system of education and research for humanity, into a system of massive wealth transfer into the pockets of higher education administration. […] … learn more→

The dark side of the proposed UK doctoral loans system

The dark side of the proposed UK doctoral loans system

The past four years have seen English higher education come to rely more and more heavily on funding from student loans. These are now set to expand further, as the UK government carries out a consultation on loans for doctoral study. Like previous reforms, these have the stated aim of widening access and meeting unmet […] … learn more→

College debt list of shame

College debt list of shame

The student loan scam is crushing our future, or at least the future of many of our kids. The average student loan debt for a new graduate in 2014 was around $33,000. The average student loan debt in 2015 was around $35,000, and in 2016, we’re looking at an average of $37,712, and that’s what […] … learn more→

Clinton and Trump proposals on student debt explained

Clinton and Trump proposals on student debt explained

The high price of attending college has been among the key issues concerning voters in the 2016 presidential election. Both Democratic nominee Hillary Clinton and Republican nominee Donald Trump have called the nearly US$1.3 trillion in student debt a “crisis.” During the third presidential debate on Oct. 19, Democratic nominee Hillary Clinton raised the issue […] … learn more→

Are income share agreements a good way to pay for college?

Are income share agreements a good way to pay for college?

Millions of Americans are struggling to pay for college. Nearly 10 million students and their families took out almost US$100 billion in student loans from the federal government in the 2014-15 academic year, pushing outstanding student loan debt to more than $1.2 trillion by the end of 2015. The traditional way to repay student loans […] … learn more→

Move over 401(k)s — this new perk is helping millennials pay off college loans

Move over 401(k)s — this new perk is helping millennials pay off college loans

Excited to be back at his alma mater, the University of New Hampshire, Ed Farrington flashed bright-colored pie charts and graphs before a group of business students in what he considered a forceful presentation about the need for them to start saving early for retirement. An executive vice president at the investment company Natixis Global […] … learn more→

Student loans draining Social Security

Student loans draining Social Security

I can’t emphasize strongly enough how important it is to end the student loan scam. I know, I’ve been harping on how bad this is lately, but it bears repetition. Student loans turn our kids into prostitutes. Student loans drive our kids out of the country. And now student loans are destroying the social security […] … learn more→

Expatriate to escape student debt?

Expatriate to escape student debt?

A recent article highlights yet another unintended consequence of the student loan scam: people fleeing the country to escape the incredible burden that our higher education system puts on them for an increasingly worthless “higher” education. It isn’t simply the high cost of tuition that’s the issue here. The “free money” that goes to any […] … learn more→