Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on February 5, 2013
Coursera is new. When this video was shot, faculty members at four universities were involved. Today, 33 major universities participate. This list keeps growing. The cat is now out of the bag. You can get a first-rate education at home for free. Soon, this program will grant certificates of completion — not quite a B.A., […]
Continue reading →Written by Gary North on February 4, 2013
No liberal arts student needs to pay more than $15,000 to earn an accredited bachelor’s degree. That’s about $10.50 a day. Working at a fast food restaurant part time will pay for this. But parents send their children into the debt swamp, even dipping into their retirement savings to pay for this. Even with help […]
Continue reading →Written by Gary North on December 3, 2012
There is now a proposal before Congress for the government to pay off all the banks that have lent money to students. The government has already changed the bankruptcy law to make it almost impossible for students to escape this debt. But the banks still cannot collect the money. So, it’s Congress to the rescue! […]
Continue reading →Written by Gary North on November 21, 2012
Written by Gary North on October 29, 2012
What parents get for $50,000 to $200,000 per college-bound child. What each child gets for $40,000 of debt in addition to parental subsidies.
Continue reading →Written by Gary North on October 18, 2012
Never ask a barber if you need a haircut. Never ask a college president if student debt is a good idea. I was amused by a recent article in MarketWatch, a major news site in the financial world. It was written by the president of a private college that charges $44,000 a year in tuition. […]
Continue reading →Written by Gary North on October 1, 2012
Student loans are over $900 billion. Parents of college students cheer them on. “Go ahead. Load up. It’s for your own good. It will pay off. You’ll see.” The average college graduate leaves college $40,000 in debt. Parents beam. “We’re so proud.” The Department of Education has reported that 13.4% of the 2009 graduates are […]
Continue reading →Written by Gary North on September 5, 2012
The student loan level is now almost $1 trillion. How big a threat is it? Here is the assessment of the National Council of Consumer Bankruptcy Attorneys. With student loan debt now topping U.S. credit card debt and few or no options available for distressed borrowers (including unwary parents who co-signed loans and now face […]
Continue reading →Written by Gary North on August 29, 2012
A young man borrowed $40,000 to take a one-year course from an automotive repair school. His parents encouraged him to do this. They told him he could earn $0 an hour after he graduated. He makes $13.50 an hour. Then he got married. Then fathered two kids. He borrows to pay for rent. His grandmother […]
Continue reading →Written by Gary North on August 28, 2012
A man who took on $100,000 of student debt to attend law school flunked out. He now makes $20,000 a year. He cannot repay his loans. He says he is contemplating suicide or fleeing to Canada. I recommend Canada. You can come back from Canada. Here is his story. I failed out of law school […]
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