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More snapshots of how college debt is destroying the next generation

Sue Shellenbarger at the WSJ brings us even more sad stories of people who are being crushed by debt. But don’t worry. It’s “good debt”.

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  4. Greed is destroying the heart of the university
  5. The NYT asks how much college debt is too much.

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This entry was written by admin and posted on April 18, 2012 at 7:56 pm and filed under Uncategorized. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Both comments and trackbacks are currently closed.

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4 Comments so far (Add 1 more)

  1. This represents a break-thru for Shellenbarger. Her previous article on this was a whitewash, but this shows that she is finally waking up.

    Over the next few years, economists will connect the dots, and realize the extent to which student debt is a drag on the economy that prevents recovery.

    It may take a generation or two before we realize that we need a more efficient way of transitioning youth to adulthood and the workplace. Ever see “City of Ember”? With Bill Murray as a corrupt mayor of the future? Well, they solve the problem by simply having a lottery. But, as the movie shows, graduates can game that too.

    1. Higby on April 18th, 2012 at 9:50 pm

  2. Short the home builders.

    2. Walter Sobchak on April 18th, 2012 at 9:54 pm

  3. Exactly, Walter!

    What grabbed me was how an MBA is working at a bank. Dah.

    The hard copy WSJ section in which this story appeared also has a story on a stadium in Californian built on the Hayward Fault line, using college funds to pay for it. It never ends.

    3. higby on April 19th, 2012 at 1:27 pm

  4. A WSJ review of the TV series about twenty-something “Girls” includes this amazing paragraph:

    “They’ve come a long way, baby … and then it hits you: Here it is, after some 50 years of women’s liberation, and what characterizes the lives and expectations of today’s young women? Passively offering themselves to indifference men; getting pregnant by mistake; well schooled but careerless. Free to roam the globe taking foreign lovers and shucking oysters, but no less hobbled in other ways than their female forbear[er]s were. After decades of you-go girl, here they are, reduced to making collages on an ‘affirmation board’, so low is their self-esteem. Humor can take the edge off. Yet if anything about ‘Girls’ is true, and on some level much of it is, we have a cultural train wreck showcased every week on TV. No wonder it is so difficult to look away.”

    4. higby on April 20th, 2012 at 6:24 pm