Thursday, April 28, 2011

Higher Education Bubble

Reporting that "student loans [have] surpassed credit cards as the nation’s single largest source of debt, edging ever closer to $1 trillion," Malcolm Harris asks, "What kind of incentives motivate lenders to continue awarding six-figure sums to teenagers facing both the worst youth unemployment rate in decades and an increasingly competitive global workforce?" — Bad Education.

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Omnes Sancti et Sanctæ Coreæ, orate pro nobis.