Skip to comments.Kincaid: Washington Post Continues Kaplan Cover-up
Posted on 03/13/2012 4:03:30 PM PDT by Iam1ru1-2Edited on 03/13/2012 5:19:40 PM PDT by Sidebar Moderator. [history]
Another story in The Washington Post, under the title of “Student loans seen as potential ‘next debt bomb’ for U.S. economy,” continues the paper’s practice of ignoring how a Post subsidiary is contributing to the problem.
The student “debt bomb” is a real problem. The Post article is based on a report entitled, “The Student Loan ‘Debt Bomb:’ America’s Next Mortgage-Style Economic Crisis?,” which was published by the National Association of Consumer Bankruptcy Attorneys and examines the fallout from higher tuition, higher interest rates and a bad job market for graduates. Total outstanding student loans exceeded $1 trillion for the first time last year, it says. But it is not just a problem stemming from practices at state-funded or public colleges and universities.
(Excerpt) Read more at gopusa.com ...
no more bailouts!