Tag Archives: student debt

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→

Student debtors flee country

Student debtors flee country

Friend: “You’re an idiot. Inflation is only 1.5% according to the BLS, and that’s what it’s been for years.” Me: “How would you know? You’ve been in med school in the Czech Republic for what, 4 years now?” Friend: “Yeah, the tuition here is much cheaper. But I have the internet so I can see […] … learn more→

Income-based repayment tops repayment plan choice for first time

Income-based repayment tops repayment plan choice for first time

The latest data from the U.S. Department of Education show that more student debt is now being repaid through the Income-Based Repayment Plan (also called the Pay as You Earn plan, or PAYE) than any other repayment plan. Nearly one in three dollars in repayment is enrolled, totaling $188 billion out of $586 billion in […] … learn more→

Prostitution to eliminate student debt…seriously.

Prostitution to eliminate student debt…seriously.

Thanks to all the government attempts to make higher education “more affordable,” higher education is now ridiculously expensive. I’ve lightly written before how a distinct cadre of students prostitute themselves in order to pay tuition, at a “non profit” school that is all about raking in the money. In times past, you could get the […] … learn more→

The problem isn\’t student loans–it\’s Higher Education

Forgiving skyrocketing student debt won\’t solve the real problem, which is the soaring costs imposed by a cartel that is failing to prepare students for the economy of tomorrow. Everyone understands soaring student debt is a problem: burdened with $1.3 trillion in student loans, young people are unable to start businesses, buy homes and start […] … learn more→

The “good news” on student debt is not really all that good

Writing for the Huffington Post, Shahien Nasiripour reports that “Borrowing for College Is Set to Hit a Five Year Low.” More specifically, for the first time since the 2009-2010 academic year, student loans are likely to total less than $100 million. That sounds like good news. But it actually reflects very little change. In fact, […] … learn more→

LegalZoom jumps on student plunder bandwagon

LegalZoom is, I thought, one of the good things about the internet: you can get information you need for a pretty good price. I’ve used it for a few legal forms, and the few bucks I spent represented savings over having to deal with a lawyer. The student loan scam has indebted many people. Some […] … learn more→

New report on student debt asks the wrong question

Last week, Third Way released a report stating that people who attend public four-year universities graduate at higher rates if they have a goldilocks level of debt—some, but not too much. At best, that finding is flawed and unhelpful. This and other studies that use loan debt as their unit of analysis are dangerous because […] … learn more→