Category: Student Finances
The analysis published under this category are as follows.
Friday, May 17, 2013
How the U.S. Government Makes $120 Billion From Student Loans Misery / Interest-Rates / Student Finances
By: Money_Morning
David Zeiler writes: Business has been good for the federal government when it comes to student loans.
Over the past five years, student loans have generated profits of $120 billion for the Department of Education.
And the latest projections from the Congressional Budget Office (CBO) put the take from student loans for the 2013 fiscal year at $48.6 billion - helped along by a change in 2010 that eliminated the middleman and made the Education Department the direct lender for all government-backed loans.
Read full article... Read full article...
Friday, February 01, 2013
The Frightening Financial Crisis Facing Young Americans / Personal_Finance / Student Finances
By: Money_Morning
Ben Gersten writes: Young Americans are falling deeper and deeper into a financial crisis that will be nearly impossible to escape from in their lifetimes.
Unfortunately, the problems start at a very young age. Not only do a record number of school-age children live in poverty, but the number of homeless children in the public school system has reached an all-time high.
Read full article... Read full article...
Thursday, September 13, 2012
Student Loan Debt Slavery, Is College Worth It? / Personal_Finance / Student Finances
By: LewRockwell
Economic Collapse writes: Every single year, millions of young adults head off to colleges and universities all over America full of hopes and dreams. But what most of those fresh-faced youngsters do not realize is that by taking on student loan debt they are signing up for a life of debt slavery. Student loan debt has become a trillion dollar bubble which has shattered the financial lives of tens of millions of young college graduates. When you are just starting out and you are not making a lot of money, having to make payments on tens of thousands of dollars of student loan debt can be absolutely crippling. The total amount of student loan debt in the United States has now surpassed the total amount of credit card debt, and student loan debt is much harder to get rid of. Many young people view college as a "five year party", but when the party is over millions of those young people basically end up as modern day serfs as they struggle to pay off all of the debt that they have accumulated during their party years. Bankruptcy laws have been changed to make it incredibly difficult to get rid of student loan debt, so once you have it you are basically faced with two choices: either you are going to pay it or you are going to die with it.
Wednesday, July 25, 2012
Best Student Bank Current Account Overdraft & Fees Analysis July 2012 / Personal_Finance / Student Finances
By: MoneyFacts
Countless students will be preparing to leave home next month and head off to university.
For many it will be the first time they are fully in charge of their finances, with budgeting and bill paying becoming a necessary evil.
Due to the increase to course fees, student debt is set to become an even bigger problem, which is why all students should put their research skills to good use to find the most suitable student account for their needs.
Read full article... Read full article...
Monday, June 11, 2012
Student Loans and the Redistribution Of Wealth / Interest-Rates / Student Finances
By: Dan_Amerman
With more than $1 trillion outstanding and growing at a rate of over $100 billion a year, student loans have leaped past the credit card and auto loan markets in size. The students will not be the only ones paying, however, for the exploding volume of student loans may contribute to a reduction in the future standard of living for tens of millions of retirees and retirement investors.
On a fundamental level, the student loan crisis is about two major redistributions of wealth - one of which is occurring now, with the other taking place over the decades to come. And each redistribution of wealth could not occur in a free market, but is dependent upon federal government intervention.
Read full article... Read full article...
Saturday, June 09, 2012
America's Student Loan Racket / Politics / Student Finances
By: Stephen_Lendman
This writer's recent book titled "How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War" includes a chapter on America's student loan racket. It discusses the issue in detail.
It explains a disturbing government/corporate partnership. Students are exploited for profit. Providers are enriched. For many, rising tuition and fees make higher education unaffordable. Others need large loans to attend. As a result, they become debt entrapped.
Read full article... Read full article...
Wednesday, June 06, 2012
Student Loans: The Next Scam To Bubble, Pop, Collapse / Interest-Rates / Student Finances
By: Bill_Bonner
Yes, dear reader, the market seems to have turned. Friday was a disaster…
“Grim Job Report Sinks Markets,” reported The Wall Street Journal.
We’ve had our “Crash Alert” flag up for the last two weeks. Hope it helped.
Read full article... Read full article...
Sunday, May 06, 2012
Student Debt Bubble, Europe Crisis and More Q&A / Personal_Finance / Student Finances
By: Money_Morning
It seems my Subprime Student Slaves article really struck a nerve! Nearly 250 of you subscribers wrote in to me in response to that one. Thank you.
As I said, I'm going to compile your comments, stories, and ideas in my letter to Congress and the President.
Tuesday, April 17, 2012
Subprime Student Debt Slaves: The Lowlife Trap of Higher Education / Politics / Student Finances
By: Money_Morning
Shah Gilani,writes:
"And the strong to seem to get more
While the weak ones slave
Empty pockets don't ever make the grade
Mama may have, and Papa may have
But God bless the child that's got his own
That's got his own."
We can thank the late, great Billie Holiday for those lyrics. And we can thank our higher education system for giving "the child that don't his own"a chance to get some.
Read full article... Read full article...
Wednesday, March 14, 2012
College Education Debt and Earnings Economics / Politics / Student Finances
By: BATR
For previous generations, the dream of a college education for their children was a primary motivation. Gaining access to the teachings of higher learning is certainly a laudable objective. While this goal still holds true, there is a systemic disconnect from attending institutions that cost a king’s ransom and having marketable skills to earn a generous income in the post industrial economy. When government employment becomes the most sought after occupation, the economic future of the country sinks into deep decline. The old correlation with the higher your education, the greater your income, is no more.
Wednesday, March 14, 2012
U.S. Student Debt To Reach $1.4 Trillion by 2020 / Interest-Rates / Student Finances
By: EconMatters
Student loan debt is surging, partly boosted by many who became unemployed during the Great Recession going back to school hoping for a better job prospect. An analysis by the Federal Reserve Bank of New York (FRBNY) showed that student loan debt stands at $870 billion nationally, surpassing the nation’s outstanding balance on auto loans ($730 billion) and credit cards ($693 billion) as of third quarter, 2011.
Sunday, February 12, 2012
Student Loan 'Debt Time Bomb'; Obama's Misguided Proposal and My Two-Point Alternative / Politics / Student Finances
By: Mike_Shedlock
It's interesting to watch some of the terms bandied about in headline news. For example, the LA Times headline reads S&P says student loan debt could be next financial bubble.
Monday, July 18, 2011
Student UK Banking Services Analysis / Personal_Finance / Student Finances
By: MoneyFacts
Many students will be preparing to leave home next month and head off to university.
For many it will be the first time they are fully in charge of their finances, with budgeting and bill paying becoming a necessary evil.
Read full article... Read full article...
Thursday, June 16, 2011
Young Americans: Forget Your Student Loans And Move To Gonzo Town / Politics / Student Finances
By: Patrick_Henningsen
Stone Pinkerton writes: Getting ahead? Going to college? Whether they know it or not, millions of young Americans are joining the ranks of the over-qualified and under paid and unemployed. But heck, you can still give it the “old college try” anyway, but be informed of the pro’s and cons of your decision.
Monday, June 06, 2011
College for Dummies, How to Escape Debt Bondage and Actually Learn Something / Politics / Student Finances
By: Gary_North
This week, I spoke to a group of about 150 high school and college students. Most of them were products of home schooling. This is the ideal audience for my presentation on the way to beat the collegiate rip-off: a B.A. from an accredited university or college for $11,000 to $15,000, total.
Monday, January 10, 2011
The Student Loan Debt Bubble, Curse of the First "Austerity Generation" / Politics / Student Finances
By: Global_Research
Alan Nasser writes: It was announced last summer that total student loan debt, at $830 billion, now exceeds total US credit card debt, itself bloated to the bubble level of $827 billion. And student loan debt is growing at the rate of $90 billion a year.
There are far fewer students than there are credit card holders. Could there be a student debt bubble at a time when college graduates’ jobs and earnings prospects are as gloomy as they have been at any time since the Great Depression?
Monday, August 02, 2010
Student Finance Best Current Accounts / Personal_Finance / Student Finances
By: MoneyFacts
In the next month, many students will be preparing to leave home and head off to university.
For many it will be the first time they are fully in charge of their finances, with budgeting and bill paying becoming a necessary evil.
Read full article... Read full article...
Monday, July 27, 2009
Student Bank Accounts Analysis and Comparison / Personal_Finance / Student Finances
By: MoneyFacts
In a few month’s time, many students will be preparing to leave home and head off to university. For many it will be the first time they are fully in charge of their finances, with budgeting and bill paying becoming a necessary evil.
Many students leave university with five figure debts, so, it’s worth them putting in some time and effort to finding the most suitable student account for their needs.
Read full article... Read full article...
Saturday, August 25, 2007
What’s on Offer For the 2007/08 Class of Students? / Personal_Finance / Student Finances
By: MoneyFacts
With the 2007/08 deals finally unveiled from all of the providers, here is the Moneyfacts.co.uk update of what’s on offer fort students this year.Read full article... Read full article...
Wednesday, August 15, 2007
Student Credit Cards – Handle With Extreme Care! / Personal_Finance / Student Finances
By: MoneyFacts
Lisa Taylor, analyst at Moneyfacts.co.uk – the money search engine, comments:“Most banks will offer you a student credit card, which in some cases will be a specific student card, while others will provide you with one of their standard cards.
“While the spending limit you will be offered will usually be fairly low, (typically around £500), the interest rate charged will not be – in some cases almost 20%.
Read full article... Read full article...