You are viewing a single comment's thread from:
RE: The Private Education Racket: Chapter 3
The more light shined on the disastrous, consumerist higher education racket, the better.
The incentives are unfortunately perverse, and the pile of student loans building up is not dissimilar to the tranches of mortgages in the 2000's: there's no real market discovery of price/risk, so the taxpayer will end up paying way too much money one way or another.
What was your motivation for this series? Eager to read the others.
After more than half a decade working in the industry, I've reached a point of disgust and disappointment where I feel it necessary to share what I've learned. There's a LOT of vitriol around this topic and while it's warranted, it's oftentimes misplaced. I'll expand more on this in my next few chapters, which will focus on student loans, the role of the federal government in creating this mess, and what people can do about it.
I'm glad you're enjoying it! If you have any questions or issues you'd like me to discuss in greater depth, please speak up and let me know. I'm happy to share my insights on the subject.
I understand the disgust, and hope you can use your insight to make a positive impact. Higher ed is important!