Friday, September 6, 2013

Student Debt Not A Bubble But Still A Problem

Jordan Weissman from the Atlantic on the J P Morgan's exit from the student loan game and why it doesn't signify a debt crisis of the scale and magnitude of the U.S.'s bygone subprime bubble era:

"But there's also a greater point here. For the most part, it's not helpful to think of student lending, circa 2013, in terms of bubbles at all. Rather, as Chadwick Matlin has put it at Reuters, it's more of an anvil weighing on a large but discrete group of very unfortunate borrowers. In all but the most rare circumstances, it's impossible for former students to discharge their bad debts in bankruptcy. That means the government is mostly protected from defaults. So are the banks, to a degree.
Young adults, however, are on the hook for debts they can't handle, but which they'll likely continue to take on so long as college costs stay high. There won't be a moment where the market goes "pop." But there's still a crisis that needs to be addressed.

Thursday, July 11, 2013

For Many Students, College Means Back to Middle School - Kenneth Terrell - The Atlantic

This is a pretty huge problem.

The whole point of primary education is to get your ready for secondary, and secondary is to get you ready for the real world. If there are incongruities on both those levels then what the heck are we doing education-wise? Teach children to learn?

We need to get this education reform thing in full tilt before things get much worse.

Wednesday, June 12, 2013

Student Loan Repayment Tips for College Dropouts - US News and World Report

Three tips to help with loan repayment for College Dropouts. Including:

1. Pay Soon
2. Be Knowledgeable
3. Part-time May Be Best

Wednesday, January 9, 2013

Get Your Degrees Kids

Are college degrees still worth it in this economy?

I've seen a lot of articles talking about the value of a college degree in this economic climate. All of them seem to point to very important, the most important. Adults tell you, "Without a college degree, you can't get anywhere in life." Evidently, they are right. Go to school and get a valuable (read: STEM) degree and your future will thank you.