I have been puzzled by several questions regarding college tuition. First, how much has it gone up? Statistics show it has gone up 50% in the past decade. That poses the next question. Where does the money go? Teaching costs have been the slowest part of budget growth, going up only 10% in that same Read the full article…
Dick Durbin wants to allow student loans to be part of bankruptcy. But, get this, only those student loans held by the private sector. Since Durbin and Obama changed the rules to have the federal government be responsible for all student loans, this is only about 7% of loans outstanding. Current laws exempt student loans from Read the full article…
A friend sent me a new site that all the financial community has begun reading every day. It’s ZeroHedge.com. I have borrowed the following quotes from this entry. http://www.zerohedge.com/news/guest-post-our-lets-pretend-economy-lets-pretend-student-loans-are-about-education “The outstanding student loan balance now stands at about $870 billion,1 surpassing the total credit card balance ($693 billion) and the total auto loan balance Read the full article…
