Although rather long, this vid got my attention right away. One woman interviewed defaulted on one of her college loans to be a dentist, Guess what, she is not allowed to treat medicare or medicaid patients or anyone with a Federal health care plan. Why are college coaches paid millions of dollars a year. College advertises 90% placement/ employment rate for lawyers after graduation, they don't tell you that number includes lawyers who are working in retail. Looks like we have a student loan bubble and suggest we may see a forgiveness of student loans, compliments of the taxpayer. Oh yea, how did student loans end up in the health care bill. <iframe width="560" height="315" src="http://www.youtube.com/embed/VpZtX32sKVE" frameborder="0" allowfullscreen></iframe>
Government expansion on student loan credit made way for increase in university fees. My wife and I both owe about 200K. Well. I hope we can pay for it. I still think it is far more expensive not to get a college education.
That video is a nice summation of what is going on, I think everyone has good intentions to repay but will get very very discouraged with poor job prospects. The powers that be create a resistance to on line education but Imo, that will be the low cost future. The vid said India graduated 500k engineers to our 150k via online a degree.