Powerful man I couldn't agree more, I started going to college for economics but stopped after 3yrs because I was going to have to take out loans to finish(ironically I made the decision based off concepts I had learned my first year ) and feel fortunate to be in my 20's debt free. Do you think the college loan bubble will burst in the near future or is there a way to scale it down and avoid another recession?
That's a load off. I have no clue when I will begin to tackle the mountain of debt. Right now I'm trying to grow my creative pursuits so that I can start getting rid of it.
As to your question about the bubble. I think more and more students will start to figure out how bogus it is to spend a that money just to get out of school and told "in order to work here you have to have experience first". I mean it just feels like a scam.
The bubble I believe will implode on itself. It's unsustainable and the debt will NEVER be paid off because it is designed to not be paid. It's a form of slavery.