The Canary In The Coal Mine

| October 17, 2012

This is the Canary in the coal mine for colleges……trade schools get hit first, then private universities, and then state colleges and universities.  The big growth cycle is over for education.  The student population is buried in record amounts of student loans and debt, and this will take a long time to work off.  A […]

Not Looking So Good

| September 24, 2012

Is this a surprise….We think not!

The Student Loan Battle Heats Up…

| April 29, 2012

Message to students…Hello down there, hang on and don’t worry about a thing… we’re here to help!  Not! There was a big fight in D.C. this past week over student loans.             by Bruce Krasting The issue is a scheduled increase in interest on new student loans from 3.4% to 6.4% set for July 1. Clearly this […]

Student Loans Set New Record Above $1 Trillion

| March 22, 2012

The climb of student loan debt is simply unbelievable in the economic picture of things……it truely is the gift that keeps on taking! U.S. student-loan debt reached the $1 trillion mark, as young borrowers struggle to keep up with soaring tuition costs, according to the initial findings of a government study. The figure, which is higher […]

Consumer Credit Explodes $17.8 Billion While Student Loan Debt Sprints To All Time New Highs

| March 7, 2012

They got to be kidding….nope, consumer credit rose $17.8 billion in the latest monthly data, on expectations of $10.5 while non-revolving credit, i.e., auto and mostly student debt rose $20.723 billion and had the highest sequential jump in this category ever!  Yes EVER! At the same time…after tax incomes fell for the second time in three months after adjustments, according […]

The Student Debt Plan Is A Bad One

| February 8, 2012

Student debt is rising to records with almost every government consumer report, and for a mulitude of reasons. They include steadily spiraling college costs, financial aid cutbacks at public universities and a weak economy to name a few.  And schools across the country are encouraging it because they need the money, most having expanded rapidly in the past few years to accommodate growing but seemingly unsustainable enrollments(let’s […]

SAT…Sing A Tune, Nope – Let’s Try Again

| September 14, 2011

SAT Reading Scores for 2011 hit an all-time low, but here’s the reason why….In 1973 at the begining of this chart, and in fact before about 2004, only students planning to go to college took the test.  Now, schools encourage…and in some states make, every student take the test.  That makes the average drop, drop, drop. h/t John […]

Consumer Credit Rose In July….But

| September 8, 2011

But wait until you see why?  Non-revolving debt, mostly comprised of educational loans along with loans for autos and mobile homes, rose by $15.4 billion in July, while revolving debt, which includes credit cards, fell by $3.4 billion.  The rise in non-revolving loans was the most since November 2001. We’re going to totally bury (by educational loans) the future pole bearers of our […]

College Educated And Broke

| June 6, 2011

Is an education really worth the cost?  In many cases the answer is YES, but in many other cases the answer is NO, and especially involving  “for profit trade schools”! The cost of education is becoming onerous and student loans are littered with financial landmines.  Many are given to students to attend for-profit schools that will yield very […]

Demographics…My Dear Watson!

| April 10, 2011

Here is why things are broken for baby boomers, and unlikely to get a lot better any time soon! The interesting thing about the post-war baby boom and our guns-and-butter generation isn’t what happened during or as a result of this population tidal wave, but what didn’t happen:  the birth rate in America abruptly fell […]

Student Loan Debt Now Surpasses Total Credit Card Debt

| September 7, 2010

Here is another government controlled project.  These are unbelievable statistics.  Simply beyond belief!  Credit card debt peaked at $975 billion back in September of 2008 and is now down to $826 billion. Past and current students now carry a stunning $829 billion in student loan debt.   Fact:  You are not allowed to discharge student loan debt through bankruptcy.  […]

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