Post by The Big Daddy C-Master on Nov 22, 2015 11:42:32 GMT -5
It gets worse since the debt has WAY surpassed 1 trillion dollars and the default rate rises. Here are some excerpts.
schiffgold.com/commentaries/peter-schiff-defends-his-forecasts-and-rails-against-college-propaganda-audio/
"Government wanted to make college more affordable. They made it more expensive. And at the same time, they destroyed the value of the degree. It costs more to get a degree, and the degree is worth less, because everyone now has one. If you actually want to differentiate yourself, you got to get a master’s degree. You got to get a PhD. A college degree means nothing. I think a college degree today has less marketable value than a high school diploma did before the government started subsidizing college. This whole bubble is going to burst…”"
schiffgold.com/key-gold-news/white-house-reveals-student-loan-default-rate/
"New figures covering more than 3,700 schools were released as part of the White House’s College Scorecard, which allows consumers to explore data about debt and degrees. The average repayment rate among almost 1,200 for-profit schools—meaning these students were actively paying off loans—was 61%, the lowest of any sector. The average repayment rate among all colleges was 73%.”"
schiffgold.com/key-gold-news/student-loans-sold-on-lies/?utm_medium=social&utm_source=twitter&utm_campaign=gold-news&utm_content=peterschiff
"Corinthian targeted ‘isolated, impatient people with low self-esteem and few people in their lives who care about them, and who are stuck and unable to see and plan well for their future,’ Harris said. That included ‘single mothers, veterans, and low-income individuals,’ she added. “"
Wow spelled backwards is wow...
schiffgold.com/commentaries/peter-schiff-defends-his-forecasts-and-rails-against-college-propaganda-audio/
"Government wanted to make college more affordable. They made it more expensive. And at the same time, they destroyed the value of the degree. It costs more to get a degree, and the degree is worth less, because everyone now has one. If you actually want to differentiate yourself, you got to get a master’s degree. You got to get a PhD. A college degree means nothing. I think a college degree today has less marketable value than a high school diploma did before the government started subsidizing college. This whole bubble is going to burst…”"
schiffgold.com/key-gold-news/white-house-reveals-student-loan-default-rate/
"New figures covering more than 3,700 schools were released as part of the White House’s College Scorecard, which allows consumers to explore data about debt and degrees. The average repayment rate among almost 1,200 for-profit schools—meaning these students were actively paying off loans—was 61%, the lowest of any sector. The average repayment rate among all colleges was 73%.”"
schiffgold.com/key-gold-news/student-loans-sold-on-lies/?utm_medium=social&utm_source=twitter&utm_campaign=gold-news&utm_content=peterschiff
"Corinthian targeted ‘isolated, impatient people with low self-esteem and few people in their lives who care about them, and who are stuck and unable to see and plan well for their future,’ Harris said. That included ‘single mothers, veterans, and low-income individuals,’ she added. “"
Wow spelled backwards is wow...
