“Step by step, one law after another has been enacted by Congress to make student debt the worst kind of debt for Americans”
One of the things I informally track is overall attitudes toward borrowing, student loans, and higher education debt. I think this is important, because if there is a ‘bubble’ and the landscape of higher education (and paying for that education) dramatically changes, one of the major reasons will be because of a very public backlash.
We may not have a full fire, but there is a lot of smoke around this subject. The latest example:
That article puts some of the blame on the private collection agencies, but I don’t think that is a real problem or a real solution.
Larry Burkett used to say ‘Debt isn’t a problem, its a symptom of a problem’. Collection agencies aren’t the problem, but a symptom of a larger institutional problem.