Is This Bubble About to Burst

30 Oct

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

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!

Leave a comment

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


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: