Posted on 06/20/2014 11:49:07 AM PDT by SeekAndFind
Screenshot via Inc.com
Mark Cuban thinks colleges are going to go out of business.
In a clip on Inc.com, Cuban talks about the student loan bubble, which he says will burst and end badly for colleges.
The end of the student loan bubble, Cuban says, will be like the housing bubble, where tuition collapses the way the price of homes collapsed.
These collapses will put colleges out of business.
Cuban:
"It's inevitable at some point there will be a cap on student loan guarantees. And when that happens you're going to see a repeat of what we saw in the housing market: when easy credit for buying or flipping a house disappeared we saw a collapse in the price housing, and we're going to see that same collapse in the price of student tuition, and that's going to lead to colleges going out of business."
(Excerpt) Read more at businessinsider.com ...
Serious question, why does a pharmacist need any degree
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They don’t ,, anyone with really good reading comprehension can do it , the problems come in with mis-interpreting doctors writing ... which is why there is a push for plain english RX’s in block letters ,,, another “dead” profession is optometrist ... it can be fully automated and is in many areas.
Wow, he’s so smart. How does he know so much?
Captain Obvious Man saves the day again!
Off the Kennedy in Chicago there’s a very expensive, modern extension school being built for some 2nd tier college. One of those more money than brains-type projects.
**The gravy train can’t last forever.**
Why are you so racist?
I guess money = brains.
Student loans helped distort demand and supply by dumping more dollars/students into the pipe. As a result, tuition prices have been rocketing upward ever since, with nothing to hold them in check; the demand side being infinite due to government loans.
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