[EconProf]

Great article in Slate.
It also shows the faulty reasoning pushed by the education-industrial complex that because, on average, college graduates earn X more than high school graduates over time, they earn that premium because of the college degree.
Obviously, other variables such as motivation, intelligence, family values and connections, already differentiate the pool of college-bound H.S. seniors from those who will not go to college. Who knows what share of that earnings premium can be attributed solely to the possession of the college degree? It may be quite small and shrinking.

[EconProf]

Great article in Slate.
It also shows the faulty reasoning pushed by the education-industrial complex that because, on average, college graduates earn X more than high school graduates over time, they earn that premium because of the college degree.
Obviously, other variables such as motivation, intelligence, family values and connections, already differentiate the pool of college-bound H.S. seniors from those who will not go to college. Who knows what share of that earnings premium can be attributed solely to the possession of the college degree? It may be quite small and shrinking.

[EconProf]

Great article in Slate.
It also shows the faulty reasoning pushed by the education-industrial complex that because, on average, college graduates earn X more than high school graduates over time, they earn that premium because of the college degree.
Obviously, other variables such as motivation, intelligence, family values and connections, already differentiate the pool of college-bound H.S. seniors from those who will not go to college. Who knows what share of that earnings premium can be attributed solely to the possession of the college degree? It may be quite small and shrinking.

[EconProf]

Great article in Slate.
It also shows the faulty reasoning pushed by the education-industrial complex that because, on average, college graduates earn X more than high school graduates over time, they earn that premium because of the college degree.
Obviously, other variables such as motivation, intelligence, family values and connections, already differentiate the pool of college-bound H.S. seniors from those who will not go to college. Who knows what share of that earnings premium can be attributed solely to the possession of the college degree? It may be quite small and shrinking.

[EconProf]

Great video of rapper Keynes vs. rapper Hayek.
And their comments are pretty much on target for what each economist would put forth to defend their philosophy.

[EconProf]

Great video of rapper Keynes vs. rapper Hayek.
And their comments are pretty much on target for what each economist would put forth to defend their philosophy.

[EconProf]

Great video of rapper Keynes vs. rapper Hayek.
And their comments are pretty much on target for what each economist would put forth to defend their philosophy.

[EconProf]

Great video of rapper Keynes vs. rapper Hayek.
And their comments are pretty much on target for what each economist would put forth to defend their philosophy.

[EconProf]

Great video of rapper Keynes vs. rapper Hayek.
And their comments are pretty much on target for what each economist would put forth to defend their philosophy.

[EconProf]

There are some erie parallels between the housing bubble and the college bubble. While the housing bubble peaked about 5 years ago, the college bubble is showing signs of peaking now.
An unholy alliance of college administrators, faculty unions, a loan-happy federal government, and anxious parents have combined to push up college costs beyond reason, created an excess of college grads with silly degrees, and an army of embittered debt slaves now realizing they’ve been duped.
The denoument of this play will be long and bloody, but healthy. Faculty will have to increase their shrunken teaching loads, campuses stop the arms-race of physical plant, administrative bloat slashed, useless majors dropped, the party atmosphere curbed, and political correctness challenged, just for starters. Its a good thing.

[EconProf]

There are some erie parallels between the housing bubble and the college bubble. While the housing bubble peaked about 5 years ago, the college bubble is showing signs of peaking now.
An unholy alliance of college administrators, faculty unions, a loan-happy federal government, and anxious parents have combined to push up college costs beyond reason, created an excess of college grads with silly degrees, and an army of embittered debt slaves now realizing they’ve been duped.
The denoument of this play will be long and bloody, but healthy. Faculty will have to increase their shrunken teaching loads, campuses stop the arms-race of physical plant, administrative bloat slashed, useless majors dropped, the party atmosphere curbed, and political correctness challenged, just for starters. Its a good thing.

[EconProf]

There are some erie parallels between the housing bubble and the college bubble. While the housing bubble peaked about 5 years ago, the college bubble is showing signs of peaking now.
An unholy alliance of college administrators, faculty unions, a loan-happy federal government, and anxious parents have combined to push up college costs beyond reason, created an excess of college grads with silly degrees, and an army of embittered debt slaves now realizing they’ve been duped.
The denoument of this play will be long and bloody, but healthy. Faculty will have to increase their shrunken teaching loads, campuses stop the arms-race of physical plant, administrative bloat slashed, useless majors dropped, the party atmosphere curbed, and political correctness challenged, just for starters. Its a good thing.

[EconProf]

There are some erie parallels between the housing bubble and the college bubble. While the housing bubble peaked about 5 years ago, the college bubble is showing signs of peaking now.
An unholy alliance of college administrators, faculty unions, a loan-happy federal government, and anxious parents have combined to push up college costs beyond reason, created an excess of college grads with silly degrees, and an army of embittered debt slaves now realizing they’ve been duped.
The denoument of this play will be long and bloody, but healthy. Faculty will have to increase their shrunken teaching loads, campuses stop the arms-race of physical plant, administrative bloat slashed, useless majors dropped, the party atmosphere curbed, and political correctness challenged, just for starters. Its a good thing.

[EconProf]

There are some erie parallels between the housing bubble and the college bubble. While the housing bubble peaked about 5 years ago, the college bubble is showing signs of peaking now.
An unholy alliance of college administrators, faculty unions, a loan-happy federal government, and anxious parents have combined to push up college costs beyond reason, created an excess of college grads with silly degrees, and an army of embittered debt slaves now realizing they’ve been duped.
The denoument of this play will be long and bloody, but healthy. Faculty will have to increase their shrunken teaching loads, campuses stop the arms-race of physical plant, administrative bloat slashed, useless majors dropped, the party atmosphere curbed, and political correctness challenged, just for starters. Its a good thing.

[EconProf]

That’s correct. The lender doesn’t want to do all the due diligence and paperwork necessary to take on a new debtor. Plan to refi it, or….
just informally start paying on the loan in place of your parents. If it is good rate, this may be the best course of action. Of course, all kinds of problems can crop up when family finances get mixed up like this. For example, what do other siblings say about this? Also, lender may force a sale or refi if they find out your parents are breaking one of the many covenants on the pages and pages of fine print your parents signed to get the loan.

[Author]

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