“The concept of the institute of higher learning is about to be broken.” claims a new documentary that can be backed up with some rather shocking facts.
The documentary reveals the nation’s combined student loan debt is now at trillion, with the government making “84 billion off our kids trying to get an education.”
The average U.S. household has a student loan debt of over 3,000, which is more than double the average credit card debt. “It’s like a subprime mortgage broker that ripped you off,” says an interviewee in the documentary, and when college tuition has “increased more than any other good or service in the entire U.S. economy,” action must be taken.
Goes to show why the Thiel Fellowship, which is offering students 00,000 to drop out of school and start their own business.
U.S. Senator Elizabeth Warren of Massachusetts addressed the issue on “The Daily Show with Jon Stewart” earlier this week, criticizing how the government makes “tens of billions of dollars” via the interest rates of student loans — something she called “obscene” and plans on counter-attacking by refinancing those loans and cutting down the interest rates via a proposed bill next month.
Share this to help others avoid being taken in by the new education bubble, because it’s about to burst.