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Is This Bubble About to Burst

30 Oct

Government inflated the college loan bubble — but Obama isn’t fixing it – NYPOST.com.

I certainly hope not.

I think Mr. Reynolds has an excellent idea in making institutions of higher education liable for a portion of unpaid loan balances when graduates default. The cost of Higher Ed has skyrocketed even faster than Health Care, largely as a result of so much cheap, government loan guarantees. It has to stop somewhere. I have a feeling that the time is now. My only hope is for a gradual and orderly deflation and not a sudden POP!

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Posted by on October 30, 2011 in Culture, Economy, Education

 

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