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 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→

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→

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→

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→

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→

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→

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→

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→

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→