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College enrollment is dropping.
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K
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23 May ’16 - 7:44 am
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Wonder how low it is going to drop. I think it more has to do with the high cost and lack of supporting jobs.

For years, America's college campuses swelled with more and more students. But enrollment peaked in 2010 at just over 21 million students. Attendance has dropped every year since.

By the fall of 2014 -- the most recent year government data is available -- there were 812,069 fewer students walking around college campuses.

Some say not to worry, the drop is happening because the economy is improving. More people are going back to work instead of signing up for additional degrees.

"Historically, as the economy improves and Americans get back to work, college enrollment declines," says U.S. Under Secretary of Education Ted Mitchell.

But here's what these young people are giving up: College graduates make almost double the salary of workers with only a high school diploma. If you care about the rise in inequality in America, declining college enrollment should alarm you.

"A college degree is the surest ticket to the middle class," President Obama said last year. Now there are 800,000 fewer Americans on that college path to the middle class.

more http://money.cnn.com.....index.html

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DangerDuke
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23 May ’16 - 9:11 am
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it's the unintended consequences of artificially removing risk from a marketplace. No risk creates market saturation, and with a cheap and plentiful product available you get inflated demand. As demand goes up, prices increase accordingly. What you are seeing is the student loan bubble about to burst.

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K
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24 May ’16 - 9:04 am
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last numbers I saw 27 percent of loans were in default

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DangerDuke
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25 May ’16 - 7:30 pm
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That's massive levels of default. Particularly considering those loans are unsecured. Not that it matters to the banks since they're getting paid regardless, but it should concern taxpayers since we're the ones footing the bill for little Tristan's masters in underwater basket weaving.

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26 May ’16 - 10:12 am
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Hey, I aced that class buddy!

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