Econintersect Analysis Blog
Tag Archives: student debt
by Doug Short, Advisor Perspectives Pop Quiz! Without recourse to your text, your notes or a Google search, what line item is the largest asset on Uncle Sam’s balance sheet? U.S. Official Reserve Assets Total Mortgages Taxes Receivable Student Loans
by Philip Pilkington, from Naked Capitalism Perhaps the most obvious indicator that the U.S. has become a society of debtors is the ever-expanding market for student loans. Recently clocked at $870 billion and rising quickly, this market has been a … Continue reading
The Project On Student Debt estimates that the average college senior in 2009 graduated with $24,000 in outstanding loans. Last August, student loans surpassed credit cards as the nation’s single largest source of debt, edging ever closer to $1 trillion. Yet for all the moralizing about American consumer debt by both parties, no one dares call higher education a bad investment. The nearly axiomatic good of a university degree in American society has allowed a higher education bubble to expand to the point of bursting.