Tag Archives: student debt

Canceling student loan debt will barely boost the economy, but a targeted approach could help certain groups

Canceling student loan debt will barely boost the economy, but a targeted approach could help certain groups

At the end of June 2021, 43 million borrowers – or about 14% of all adults in the U.S. – owed approximately US$1.59 trillion in outstanding federal student loans. Although in many cases the media has focused on borrowers with extremely large balances – such as the orthodontist who owes over $1 million in student loans – the average balance is […] … learn more→

Ed Dept: Degree debt exceeds degree earnings

Ed Dept: Degree debt exceeds degree earnings

It’s been known for a decade or two that we have a real problem with the cost of a college degree relative to the financial boon of having one, but at long last our government is catching on as well: … the U.S. Department of Education released data on first-year earnings for thousands of different […] … learn more→

The student as prostitute…now in the UK

The student as prostitute…now in the UK

I’ve covered before how many college graduates now become prostitutes to help pay off their student debt, but that’s only addressing what happens after a student graduates and realizes her degree is worthless and has no choice. A far larger share of students become prostitutes, or semi-prostitutes (at the risk of splitting hairs) while still […] … learn more→

The Supreme Court and the student loan scam

The Supreme Court and the student loan scam

I often request an end to the student loan scam, but I seldom discuss why we have so many of our kids ready and willing to destroy themselves with student loans. Even if we destroyed the supply (student loans), we’d still have immense demand for accredited college degrees. So as I sit here being pumped […] … learn more→

$100,000+ student debt stories

$100,000+ student debt stories

YouTube is such a fine resource for learning things. It’s only drawback (beyond the way how it supports pedophilia and censors counter-narrative views) is the one common to any learning tool: if you don’t know what you should know, you’re unlikely to learn it. Today I’ll highlight a couple stories which strike me as fairly […] … learn more→