May 17th, 2012

Is the Student Loan Debt Bubble Ready to Burst?

 

student loan debt

**Today’s guest post is contributed by Harry Campbell.**

This spring, more than 1 million new graduates will be thrust into the work force. And according to a recently published Rutger’s study, more may come out of school with debt than come out with jobs. Today’s graduates face the perfect storm of a weak job market combined with an overly saturated applicant pool. There was a time when a college degree held significant value and graduates would be inundated with job offers. That time has passed, and now there looms a bigger problem.

We all know the cost of college is skyrocketing. Public and even private schools have increased their tuitions at a pace that severely eclipses inflation. Since 1981, the price of tuition at US colleges has increased 6.4% annually, more than double that of inflation. These unsustainable tuitions are afforded, in large part, by student loans. Student loan debt has now grown to over $1 trillion, surpassing even credit card and auto debt. Universities are responding to budget cuts by increasing tuition and students are taking out more and more debt in order to finance this whole operation.

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October 7th, 2011

The $5 Debit Card Fee: You Talk the Talk, But Will You Walk the Walk?

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Ninety-three percent of consumers said they would not pay a monthly fee to use a debit card, according to a recent poll by the Wall Street Journal. Less than 3 percent said they will pay the fee.

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September 23rd, 2011

Did You Really Think People Would Buy $225,000 College Football Tickets?

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Dear University,

With football season just around the corner, I’m still shaking my head at you.

I was there when it all went down. In the middle of the worst fiscal crisis in your history, the ax came down on every side.

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