Relevant:
- You have been lied to about inflation and here is the proof
- Think the credit crunch is over? Ask a college student
- The higher education racket gets long in the tooth: For-profits account for 47 percent of defaults but make up only 13 percent of total enrollments.
- The broken tassel of American higher education -- College debt defaults bring up questions about repayment structure. Is college even worth the current costs?
- America's middle class meltdown
2019-05-08 — mybudget360.com
``College tuition and fees are up a staggering 163% since 2000... medical care is up 93% since 2000... Energy is up 88% since 2000 and this is factoring the boom and bust of this sector... areas that are non-essential are down relative to the CPI: apparel, recreation, and education and communication (non-college education). So while we hear people slamming on Americans for being spenders just look at these areas. Many people have cut back on non-essentials. But areas that are essential are eating up a larger share of income. Many don't have this savings so they are using student loans to fund college and credit cards to pay bills.''
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