Student Loans

US Household Debt Rose To $12.6 Trillion In 2016: Biggest Jump In A Decade

Total US household debt jumped in Q4 driven by increases in credit card debt, auto and student loans, and a Q4 surge in mortgage originations, and as of December 31, 2016, stood at $12.58 trillion. For the full year, total household debt rose by $460 billion, the biggest annual increase in a decade.

America's Outmoded "Factory Model" Educational System Needs To Be Radically Reinvented

America's educational system is an outmoded "factory model" designed to produce interchangeable industrial and service workers en masse for an industrial economy of factories and a 1960s-era service sector that needed millions of employees with basic-skills. It's obvious that we desperately need a new decentralized, individualized and far more productive system of education.

How The Coming Wave Of Job Automation Will Affect You

What percentage of the workforce is at risk of being replaced by automation? Where will the displaced find new jobs? What job skills will remain largely immune to automation? How will the US government, which is funded to the tune of 92% by income-related taxes, replace the lost revenue… a robot tax?

At Over $2.5 Trillion, US Student And Auto Loans Hit New All Time High

While US consumers may have stepped back from a credit-card funded splurge in the last month of 2016, the far more troubling trend in student and auto loans remains, and as the following chart shows, as of Q4, both car and student debt hit all time highs of $1.407 trillion and $1.11 trillion, respectively.

Why Those Student Loans Aren't Getting Paid Off

Student loan money is so easy to come by that the students aren't even bothering to see if their degree program has the potential of providing relative ease in repaying loans. Student loans should be priced according to major.

Trump To Sign Executive Orders Undoing Dodd-Frank, "Fiduciary Rule"

President Trump will order a sweeping review of the Dodd-Frank Act rules enacted in response to the 2008 financial crisis, signing an executive action Friday designed to significantly scale back the regulatory system put in place in 2010. Trump also will halt another of Obama’s regulations known as the "fiduciary rule", hated by the financial industry, that requires advisers on retirement accounts to work in the best interests of their clients.

America’s Student Debt Problem Is Much Bigger Than Anybody Realized

The opportunity to pay for college by working a part-time job evaporated as soon as huge sums of money were handed out to anyone with a pulse. Since students no longer pay their tuition upfront, colleges are able to raise prices in perpetuity, knowing the government will step in and make credit easier and easier to obtain. Subsidizing the lives of an entire generation has turned personal growth and advancement into a choice instead of a necessity.

Paul Craig Roberts On "The Demise Of The Left"

The European and American left, which traditionally stood for the working class and peace (bread and peace) no longer exists. The cause championed by those who pretend to be the “left” of today is identity politics.  The “left” no longer champions the working class, which the “left” dismisses as “Trump deplorables,” consisting of “racist, misogynist, homophobic, gun nuts.” Instead, the “left” champions alleged victimized and marginalized groups - blacks, homosexuals, women and the transgendered.

US Government Caught Massively Fabricating Student Loan Default Data

Many more students have defaulted on their college loans than the U.S. government previously revealed. This stunning admission came last Friday, when the Education Department released a memo revealing that it had overstated student loan repayment rates at most colleges and trade schools. The explanation? the problem resulted from a "technical programming error."