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Politics, Videos

Student loan collapse will be worse than the housing collapse?

Posted: July 15, 2012 at 8:00 am   /   by

“If it is a valuable investment, there’s no point in the government subsidizing it. If it’s not . . . the government has no business subsidizing it.”

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We’ve seen the detrimental effects of the housing market bubble; will we see the same results with the student debt crisis? In this video Professor Antony Davies explains the higher education bubble and how a lack of economic freedom is taking us down the very same path.

“While we’re seeing the same kinds of things happen in the student loan market that happened in the housing market, the implications for the borrowers in the student loan market are going to be much worse.”

 

Christopher Cook
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Christopher Cook

Managing Editor at Western Free Press
Christopher Cook is a writer, editor, and political commentator. He is the president of Castleraine, Inc., a consulting firm providing a diverse array of services to corporate, public policy, and not-for-profit clients.

Ardently devoted to the cause of human freedom, he has worked at the confluence of politics, activism, and public policy for more than a decade. He co-wrote a ten-part series of video shorts on economics, and has film credits as a researcher on 11 political documentaries, including Citizens United's notorious film on Hillary Clinton that became the subject of a landmark Supreme Court decision. He is the founder of several activist endeavors, including AnyStreet.org (now a part of Western Free Press) and Liberatchik.com. He is currently the managing editor of and principal contributor to WesternFreePress.com.
Christopher Cook
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Comments

  1. The amount paid to satisfy the loan obligation is not deductible (from own gross income) by the borrower

  2. advia says:

    Collapse doesn’t seem to be the appropriate word. Student loans as well as other personal loans such as pay day loans work when terms are followed. Otherwise, it’s best to utilise other options. For all Australian readers, you can avail of short term loans through www.sunshinebrokers.com.au.

Student loan collapse will be worse than the housing collapse?