[Carthego delenda est]

“The Student Loan Debt Bubble - Just like we saw with the housing bubble, the student loan debt bubble just continues to grow and grow and grow. At some point the nearly 1 trillion dollar bubble is going to burst. What effect will it have on our financial system when that finally happens?”

http://endoftheamericandream.com/archives/35-shocking-facts-that-prove-that-college-education-has-become-a-giant-money-making-scam

[CarmichaelPatriot]

Time for student loan applicants to submit a business plan for themselves before undertaking higher education on borrowed money. If they can’t show a need for them to pursue a particular degree, the loan should be denied.

We have enough art history, literature and womens studies majors who are flipping burgers.

[FlingWingFlyer]

IMHO, too many people went to “college” who had no business going to “college”. A lot of money went towards Bovine Scatology classes that were of absolutely no use in the real world.

[Alberta's Child]

One big difference here is that a student loan is just a loan. At the height of the mortgage bubble we had overpriced homes supported by mortgages that couldn't be paid off -- and often there were multiple loans leveraged on top of an existing overpriced home. There was also the issue of collateralized debt obligations that were created from these mortgages.

If a student defaults on his/her loan, then that's about all the impact it has. Nobody ever leveraged anything out of that loan, except maybe parents who co-signed and who may now be on the hook for the cost of a worthless "education."

[Ezekiel]

“The Student Loan Debt Bubble - Just like we saw with the housing bubble, the student loan debt bubble just continues to grow and grow and grow. At some point the nearly 1 trillion dollar bubble is going to burst

You reminded me of a few verses I was reading last night. It's as if Lucifer ("light-bearer") should be read as "hope-bearer".

Isaiah 14.

12 How art thou fallen from heaven, O Lucifer, son of the morning (dawn)*! how art thou cut down to the ground, which didst weaken the nations!
13 For thou hast said in thine heart, I will ascend into heaven, I will exalt my throne above the stars of God: I will sit also upon the mount of the congregation, in the sides of the north:
14 I will ascend above the heights of the clouds; I will be like the most High.
15 Yet thou shalt be brought down to hell, to the sides of the pit.

"We were looking at the “o” of his name and had the idea of a rising sun and a new day,” according to Sender. “The sun rising over the horizon evoked a new sense of hope."

https://en.wikipedia.org/wiki/Obama_logo

[kearnyirish2]

“Just like we saw with the housing bubble, the student loan debt bubble just continues to grow and grow and grow.”

I’d imagine parents are going to stop co-signing for the loans, especially as they realize they can’t be re-paid on a Wal-Mart greeter’s salary.

Higher education, like home ownership and children, are a thing of the past for most Americans; access will be limited to the “protected” classes.