“In just one year, loan debt is up nearly 30%. An extra $200 billion has been doled out by our government in the name of helping high school graduates further their education. But at this point, extra funding is backfiring. Half of young graduates are either unemployed or only working part-time, which is a startling sign that the jig is up. In conjunction with the poor economy, new technology, developing markets killing jobs, and the massive increase in applicants with degrees, the value of college degrees is drastically falling in the economy of today. College is in a bubble, and it is going to pop soon.”
Published on 31.10.2014
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