They’re Called The Princes Of “Rolling Jubilee” (You’ll See Why)….. So Just Who Are These Guys And What Do They Do?

| November 1, 2014

Rolling Jubilee… some say it’s about good vs. evil. But in reality it’s all about money and trying to fix the sales pitch from government and schools directly aimed at students which aggressively encourages student loans, and in the end it’s about fixing the pain of life long encumbrances caused by that sales pitch. The totality of college debt […]

Student Loans…Look At This Insane Graph Of Parabolic Student Loan Debt – Much Of Which Is ‘A University Or College Sales Pitch That’s Not Much Different Then A Car Salesman’

| September 26, 2013

“Soaring higher education costs are further widening the achievement gap as non-wealthy students are forced to become debt-serfs to pay for college”. This is a system that forces poor and middle income households to shoulder student loans for decades in return for marginal-return degrees. It is wrong and recklessly predatory. Yet this is the system that […]

Say It Ain’t So….

| August 6, 2013

There are 28 million Americans with federal student loans, 60%, or 17 million, don’t pay the U.S. government a single cent!  Yep, nota, zippo, zero….not a penny!

Consumer Credit Soars Most In 10 Years

| May 7, 2012

Yikes….inquiring minds wonder how much more student loan debt these college kids can rack up…hum, this really is an unending spiral! U.S. consumer credit soared by $21.4 billion in March on expectations of $9.8 billion rise, or the fastest monthly expansion since March 2001. Of the toatal, a modest $5.1 billion was from real credit, or revolving style credit-card […]

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 […]

Student Loan Delinquency Climbs To $85B in Q3

| March 5, 2012

Bad seats, hey buddy……especially if you have a student loan!  We have said repeatedly that this was going to happen, and rest assured we feel it will get worse. Lots worse!  10 percent of the outstanding loan balance shows delinquent in the third quarter of 2011, and as many as 47 percent of student-loan borrowers “appear to be […]

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 […]

Consumer Credit For September Is Out…No Surprises, Just The Same Old Nonsense!

| November 7, 2011

The entire consumer credit growth is from auto loans and student loans, while revolving credit dropped…Student loans have been a growth business, but at what expense? A whole student generation is hopelessly buried.  Truly buried like no other generation ever! So… just where did this consumer credit in 2011 come from?  Well, of the $32 billion in credit […]

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 […]

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