Questions for students and their parents: If college cost $750,000, would you still attend, taking out student loans to meet that amount? How about $500,000? No? How about the $50,000 to $250,000 it currently costs, then? In other words, what is the true price tag for ‘ensuring success’ in society, and why has it been rising so aggressively over the past 50 years? In turn, what are the actual – versus perceived – dividends of such an “investment”? In this episode of Money and Fear, we’ll look at the impending Student Debt Crisis and dissipating perceptions of college as an inimitable personal and economic resource. The size and pace of student loan growth mirrors that of the subprime mortgage fiasco of the prior decade. We’ll look at how and why while also bluntly asking if college is ‘relevant’ anymore. We’ll review figures, causes and effects behind this seemingly unfixable economic dilemma, which threatens the nation’s collective solvency and prosperity.
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Show Notes
A Look at the Shocking Student Loan Debt Statistics for 2017
Student Loan Debt In 2017: A $1.3 Trillion Crisis
The US college debt bubble is becoming dangerous
The student debt crisis is worsening at the hands of loan servicers
A New Culprit In The Student Loan Crisis: The Housing Collapse
Is Higher Education A Giant Pyramid Scheme?
College Debt: Necessary Evil or Ponzi Scheme?
Higher Education Is a Giant Ponzi Scheme
Student Loans and Ponzi FinanceAmerica Has Had Enough of Cars and College
Citi just drew an 'eerily reminiscent' parallel between student loans and the subprime mortgage crisis
The economic side effects of the student loan crisis (in 3 charts)
How Student Loans Are Crushing Millennial Entrepreneurialism
5 Solutions We Desperately Need to Solve the Student Loan Crisis
Default rates highlight growing student loan crisis
The student loan crisis is fueled by a weak labor market
Four Reasons Why College Degrees Are Becoming Useless
More Parents Finally Get That College Is A Scam
Seven Reasons Not to Send Your Kids to College
Text #1: Excellent Sheep: The Miseducation of the American Elite and the Way to a Meaningful Life by William Deresiewicz
Text #2: Weapons of Mass Instruction by John Taylor Gatto
*For additional footnotes and links refer to the Newsbud article link above