Student loans outpace credit cards in the United States

This is another data point that, at least to me, makes it even more clear that higher education is a bubble market in the US.

I’m interested in your thoughts, Eric, about whether or not US government funded and backed student loan programs are contributing to or perhaps even causing the bubble.

It continues to amaze me how not-for-profit universities are spending their money on amenities, even at the expense of their supposed core product. Private universities are facing a lot of criticism, much of it deserved, for taking advantage of student loan programs. Rather than being an indication of a for-profit/not-for-profit dichotomy I tend to regard what is happening with for-profit universities as another symptom of the distorting effect of our government’s funding policy towards higher education.

I can’t say if this is really helpful or not. Most student loans offer reduced benefits these days.

Thanks for the post!Another issue that needs to have a solution because once it arise it will bring a big problem that may affect the students as well as the government.They need to study and plan for action immediately to solve the issue.