Student Loans Destroying Consumption

Written by Steven Hansen Over the long Christmas Holiday weekend, The New York Times published For Poor, Leap to College Often Ends in a Hard Fall.  The post is a anecdotal essay correlating being poor and the inability of those who are poor to become higher educated.  This post shows how easy it was for …

What is U.S. Treasury’s Largest Asset?

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

U.S. Student Debt is Blowing Up

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 focal point for the recent Occupy movements. The White House knows that this is a …

Bad Education

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.