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American culture is experiencing a student loan bubble

by Geoff, Thursday, February 27, 2014, 15:53 @ Clay

Universities and colleges across the US have little incentive to decrease tuition costs. This is a money party.

If students cannot afford college, they have access to easy money to pay those bills. Of course, they will be crushed under student loan debt for the rest of their lives.

The current pace is not sustainable.

It is in the best interests of the Federal Govt to expand programs that may alleviate or cancel student loan debt. People my age (early 30s) and younger are postponing marriage, not purchasing homes, living at home with parents, and/or not buying new cars.

An entire generation of Americans are removing themselves from participating in and investing in America. That "extra" money that could be invested in a home or retirement or starting a new business will be going straight to paying student loans for the next 30 years.

Banks are too big to fail. Apparently, students are not.

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