Community | December 20, 2010 | 6 comments

16 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam

source: http://endoftheamericandream.com/archives/16-shocking-facts-about-the-student-loan-debt-bubb...

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Revelation1217
As you read this, there are over 18 million students enrolled at the nearly 5,000 colleges and universities currently in operation across the United States. Many of these institutions of higher learning are now charging $20,000, $30,000 or even $40,000 a year for tuition and fees. That does not even count living expenses. Today it is 400% more expensive to go to college in the United States than it was just 30 years ago. Most of these 18 million students have been told over and over that a "higher education" is the key to getting a good job and living the American Dream. They have been told not to worry about how much it costs and that there is plenty of financial aid (mostly made up of loans) available. Now our economy is facing the biggest student loan debt bubble in the history of the world, and when our new college graduates enter the "real world" they are finding out that the good jobs they were promised are very few and far between. As millions of Americans wake up and start realizing that the tens of thousands of dollars that they have poured into their college educations was mostly a waste, will the great college education scam finally be exposed?
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6 comments // 16 Shocking Facts About The Student Loan Debt Bubble And The Great College Education Scam

  • ghostofamerica
    • 0
      ghostofamerica  

    • College, where the brainwashing really sets in...
      They teach nothing to nobody...
      collecting money like an insurance claim...
      insuring the expansion of the NWO..
      but, the best part is yet to come.
      because the NWO doesnt know about serendipitous disintegration

    • 1 year ago
  • corndog67
    • 0
      corndog67  

    • So, blow off college, and see how many good jobs the dropouts get.

      Would you like fries with that?

      If you let people talk you into not going, you are robbing yourself of a great deal of potential. I'm not saying that everyone is going to get the great jobs if they graduate college, but a lot of companies won't hire anyone to come in and get a good position without it.

      But there are those that did it without that piece of paper, but the standard road is to get your degree.

      College is not a waste of money if you do it right. It's a stepping stone to the good life, not the goof life.

    • 1 year ago
  • CreditFigaro
    • 0
      CreditFigaro  

    • Hmmmm... I'm not going to imply that Bush had something to do with it, but he did go way out of his way to make sure you couldn't write of student debt in a bankruptcy.

      This is the most askew system of incentives I've ever seen. The college never has to worry about whether its students actually get jobs once they are gone!

      I think we should change the law: if the student doesn't get a job within a year of graduation, despite due diligence in trying, they should be allowed to write it off and leave the college on the hook for the difference.

      Something a little more fair:

      If you graduate and over the next ten years you pay a proportion of your income against the loan and don't pay it off, the rest gets written off.

      That way bad schools will be out of business in a few decades, and the ones that care to be a going concern will make sure they have successful students.

      and mindhead: Yeah, stay in. You may want to transfer, though. Go to a cheap school or go to a school that everyone knows about and respects. Otherwise, you are wasting your money.

    • 1 year ago
  • MINDHEAD
  • ThatCrazyLibertarian
  • hammywill
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