Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
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Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#2Mark Cuban has been writing about this since at least 2012:
http://blogmaverick.com/2012/05/13/the-coming-meltdown-in-co...
https://www.inc.com/mark-cuban/video-student-loans-bubble.ht...
Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#3Typical shitty reporting from Bloomberg. Other than the dollar amount outstanding, there's nothing else in the article that draws any similarities to the junk bond market. It's about as meaningful as saying "Apple's market cap approaches the size of the US junk bond market" or "Student Loan Debt surpasses Apple's market cap in size." In fact, there isn't really any interesting information in the article at all. There seems to be an insinuation that the size is a bad thing, but even then they don't come out and say why.
Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#4There is plenty of blame to go around here. However a major cause of this has been the push by the left that college is the only path to success. Trade and vocational schools as well as military service are all great options for young adults who may not know exactly what they want to do with their life right away. Spending 4 years of your life taking on debt, simply because society tells you college is the path to success is wrong. Also, colleges themselves need to be held accountable here. Most universities are sitting on billions in tax free endowments and not using that money in useful ways. How about use some of that money to help offset some of these debts?
Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#5Typical shitty reporting from Bloomberg. Other than the dollar amount outstanding, there's nothing else in the article that draws any similarities to the junk bond market. It's about as meaningful as saying "Apple's market cap approaches the size of the US junk bond market" or "Student Loan Debt surpasses Apple's market cap in size." In fact, there isn't really any interesting information in the article at all. There…
At a minimum, a comparison of the default rate between the two would be nice.
Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#6There is plenty of blame to go around here. However a major cause of this has been the push by the left that college is the only path to success. Trade and vocational schools as well as military service are all great options for young adults who may not know exactly what they want to do with their life right away. Spending 4 years of your life taking on debt, simply because society tells you college is the path to su…
>as well as military service are all great options for young adults
Getting shot at for an education doesn't seem that great. Better off just moving to a better country.
Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#7I wonder how educators are handling this. When I was set to graduate high school a decade ago we spent a portion of our home room hour planning our collegiate futures. I think I may have been the exception -- where my advisor stressed that we had to do something. Too often I hear that, "college is the only option." I personally never experienced that, but I wonder if educators are stressing that 4 year universities aren't the only option, just one of the many options. I think, with the lack of skilled workers, people can do really well with a vocational degree in a trade. Then again, that type of work is much more physically demanding than my job as a software engineer.
Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#8That's because liberal arts degrees are junk bonds.
ba dum tiss
Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#9Typical shitty reporting from Bloomberg. Other than the dollar amount outstanding, there's nothing else in the article that draws any similarities to the junk bond market. It's about as meaningful as saying "Apple's market cap approaches the size of the US junk bond market" or "Student Loan Debt surpasses Apple's market cap in size." In fact, there isn't really any interesting information in the article at all. There…
At a minimum, a comparison of the default rate between the two would be nice.
Default rates in good times can be very misleading (as the subprime crisis showed).
Re: Student Loan Debt Is Now as Big as the U.S. Junk Bond Market
#10There is plenty of blame to go around here. However a major cause of this has been the push by the left that college is the only path to success. Trade and vocational schools as well as military service are all great options for young adults who may not know exactly what they want to do with their life right away. Spending 4 years of your life taking on debt, simply because society tells you college is the path to su…
>as well as military service are all great options for young adults Getting shot at for an education doesn't seem that great. Better off just moving to a better country.
>implying you're going to get deployed simply by joining the military
You're one of them guys that sucked on the ASVAB, eh?