Archive for the 'student loan' Category

Bubble university. Student loan accounts now match up with the number of auto loan accounts in the U.S. Future American home buyers will be hampered by massive student loan obligations and growth of for-profit education.


The lost generation and merging of credit bubbles – College graduates go into massive debt and enter a low wage job market. Median starting salary for the class of 2010 is $27,000. Student loan debt soaring while wages decline and delay a generation from buying homes.


Subprime colleges – Student loan debt now equivalent to 7 percent of U.S. GDP. For-profits claim Harvard bragging rights and that barbers can make $150,000 to $250,000 a year to lure students.


Financial land of perpetual bubbles – California technology, real estate, and now higher education bubbles. In 1980 the median California household income would have purchased 17 UC bachelor’s degrees. Today it can barely purchase one UC degree.


The education of the housing market – Student loan debt and falling birth rates slow demand for the first time buyer market. The consequences of keeping young professional priced out of the housing market.


An expensive lesson in debt. Why many future potential home buyers will carry an albatross of student loan debt and push home prices lower. 25 percent of young California graduates underutilized in the labor force.


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