Newsletter subscribe

Politics, Videos

Student loan collapse will be worse than the housing collapse?

education_student_leacher_learning_school_classroom
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.”

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.”

 

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.