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375: College Debt – The Most Expensive Lesson of All Time?
School Sucks: Higher Education For Self-Liberation
English - September 27, 2015 16:28 - 1 hour - 53.1 MB - ★★★★★ - 331 ratingsSelf-Improvement Education homeschooling unschooling school alternatives self-directed learning critical thinking media literacy indoctrination Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Today's guest is Mike Vine, the Editor at Schiff Gold News and the Principal at Centinel Consulting. I sat down with him last week in his Portsmouth, NH office to discuss the recent paper by Addison Quale titled, "The Student Loan Bubble: Gambling with America’s Future."
Topics:
- the place for personal responsibility in the student loan debt crisis
- Student loans represent the third bubble in the last 20 years, following the dot coms in the late-90s and the mortgage crisis of 2008
- there is a 300% increase in student loan debt in the last 10 years
- almost 25% of all loans are in some state of non-payment (default, deference, or forbearance)
- the significance of debt to GDP ratio
- the economic implications of this crisis
- How can people protect themselves? Precious metals? Bitcoin? Expatriation?
- Mike's advice for students
Look Closer:
Obama Proposes Free College Tuition- Full Knoxville, TN Speech - https://www.youtube.com/watch?v=8gXBkOYZYnk
College Loan Calculator - http://www.finaid.org/calculators/scripts/loanpayments.cgi
Is the Student Loan Bubble Starting to Pop? - https://reason.com/archives/2015/05/22/is-the-student-loan-bubble-starting-to-p