I. Pretttttttttttyyyyy stupid that one of the clearest overviews I’ve found of the student debt crisis was written for financial marketers: “10 Things Every Financial Marketer Should Know About the Student Loan Crisis.” Thing number one: There is a crisis: “By the time you’re finished with this article, you’ll see there are big problems (and perhaps big opportunities) in the student lending space.”
"Even at elite colleges, most students leave school without a strong enough grasp on how to totally revitalize the manufacturing, housing, automotive, and health care industries of an entire country."
Matt Phillips posted a series of charts at The Atlantic explaining the student debt crisis, but really, saying that college tuition has been rising stupidly fast pretty much sums it up.
Rohit Chopra, the Assistant Director for Students at the Consumer Financial Protection Bureau, is doing an AMA on student loans right now on Reddit. Ask him a question! Or lurk in the threads!
I assumed that finding a job in the industry would help me pay off the loans easily. I know my parents tried to talk with me about what this would mean in terms of debt, but being 17 and from a small town, I was dazzled by the prospect of NYU and, frankly, money in amounts over a couple thousand meant nothing to me. I had no frame of reference.
Yesterday she introduced a piece of legislation (her first!) that would cut student loan interest rates to the rate banks pay to borrow money (when rates rise in July, students will pay nine times what banks pay). WARREN FOR EVERYTHING.
For example, you can pay them slowly. Or you can pay them quickly. Or you can not pay them at all.
I'm getting a Ph.D. but I kind of wish I wasn't. But I am.