Tag Archive for Student Loans

Peter Thiel’s Solution to the Student Loan Bubble Makes a Lot of Sense – Money Morning

“Education is a bubble in a classic sense. To call something a bubble, it must be overpriced and there must be an intense belief in it. Housing was a classic bubble, as were tech stocks in the ’90s, because they were both very overvalued, but there was an incredibly widespread belief that almost could not be questioned – you had to own a house in 2005, and you had to be in an equity-market index fund in 1999.” ~ Peter Thiel on higher education for NRO.

Student Loan Debtors Bamboozled Again – Money Morning

I know a lot of you out there don’t have sympathy for student loan debtors who complain about their debt.

You see it as a matter of personal responsibility – they chose to sign a contract and so should suck it up and uphold their end of the deal.

Money Morning’s Capital Wave Strategist Shah Gilani says it best, though:

“You’re not wrong. But there are other forces exerting outside influence on the inner intentions of a lot of ‘students’ susceptible to being sold a bill of goods. Sometimes we’re stupid for being conned, and sometimes the con is just so cleverly concealed.”