Post Profile






The real student-loan scandal

Charlie Harper, writing at Peach Pundit, notes the worrisome parallels between the college-loan situation and the housing-loan bubble just before it burst a few years ago: “Virtually anyone that applied got a loan. There was no consideration given to how the loan would be repaid. No calculations for repayment ability were required. Most borrowers overestimated the value of their purchase and underestimated the income that would be available in the future to retire the debt.
read more

share

Related Posts


MARK CUBAN: The Student Loan Bubble Is 'No Different' Than The Housing Bubble

Business & Finance : Business Insider: Clusterstock (6 months ago)

Mark Cuban says the student loan bubble is "no different" than the housing bubble that we saw burst in the last decade. Speaking in an interview on CNBC, Cuban said that the increase in student loan debt is holding back the economy,...

Mark Cuban Warns That A Housing Bubble-Like Bust Is Coming To America's Colleges

Business & Finance : Business Insider: Clusterstock (9 months ago)

In a clip on Inc.com, Mark Cuban says that colleges are going to go out of business. In the clip, Cuban talks about the student loan bubble, which he says will burst and end badly for colleges. The end of the student loan bubble, Cu...

John Stossel on the Next Housing Bubble

News : Reason (5 hours ago)

When the last housing bubble burst, politicians blamed "greedy banks." They said mortgage companies lent money recklessly, making loans to people with dubious credit, for down payments as low as three percent.  "It will work out," s...

More Extend And Pretend For College Students

United States / Atlanta : Peach Pundit (3 years ago)

Today’s Courier Herald Column: In retrospect, we should have seen the financial bubble coming.  Virtually anyone that applied got a loan.  There was no consideration given to how the loan would be repaid.  No calculations for repaym...

Porter Responds to Criticism of Search and Seizure Bill

United States / Atlanta : Peach Pundit (7 hours ago)

Editor’s Note: over the course of the legislative session, Peach Pundit has covered House Bill 56 and Senate Bill 94 / HB 430. HB 56, along with companion bills in the Senate, is dead for the year. An amended version of SB 94 contai...

Comments



Copyright © 2015 Regator, LLC