Tag Archives: Student Loans

The College Debt Trap

Posted on August 10, 2010 by Patrick Butterfield

With only 40% of student debt being actively paid back, this problem is growing worse quickly. Bankruptcy laws need to be changed immediately. Banks and colleges would drastically scale back lending, which is a good thing. College demand would drop, and colleges would be forced to live within realistic means again. Continue reading →

Posted in Banking and Finance, Fresh Perspectives, Social Mood Swings | Tagged Bankruptcies, Consumer Debt, Student Loans | Leave a comment

Must-See Animation: The Crisis of Capitalism

Posted on July 1, 2010 by Greg Fielding

The American Dream has become buying it all today and paying for it tomorrow…with interest. Houses, cars, clothes, college education. The average household spends thousands on interest every year. No wonder the financiers are getting richer! Continue reading →

Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives, Home Economics | Tagged Consumer Debt, Consumer Spending, Credit Card Debt, Interest Rates, Student Loans, The American Dream, The Fed | Leave a comment

On Financial Innovation

Posted on July 1, 2010 by Charles Hugh Smith

Is there really no other way for an accredited university to educate people without the overhead and costs which make $30,000 a year the “minimum cost”? What if student loans were no longer enabled, and people had to save up and pay cash? Isn’t it possible that new institutional forms would arise to meet the demand for education which isn’t funded by loans? Continue reading →

Posted in Best Of The Storm, Financial News, Fresh Perspectives | Tagged Financial Crisis, Oil, Risk Pricing, Student Loans | Leave a comment

Breaking America’s Financial Illiteracy

Posted on June 28, 2010 by Greg Fielding

Not surprisingly, Generations X and Y are getting themselves into huge financial trouble. Our public schools must step up to give our kids a practical, real-world financial education if America’s cycle of financial illiteracy is to be broken. Continue reading →

Posted in Best Of The Storm, Home Economics, Social Mood Swings | Tagged Auto Loans, Consumer Spending, Credit Card Debt, Financial Literacy, Public Schools, Student Loans | Leave a comment

The next generation of home buyers has too much college debt

Posted on June 2, 2010 by Greg Fielding

The real question is how will spending, saving, and risk-taking behavior change for the 20-and-30-somethings going forward. How many times can we be burned and still be willing to borrow and spend enough to keep the housing market and overall economy afloat? Continue reading →

Posted in Best Of The Storm, Home Economics, Social Mood Swings | Tagged Bankruptcies, College, College Tuition, Consumer Debt, Consumer Spending, First-Time Home Buyers, Housing Bubble, Predatory Lending, Student Loans | Leave a comment