Mark Cuban understands the issue of debt and his concerns around College Debt. One of his websites he runs is a site called http://collegedebt.com/
The numbers are so big and continue to run high. I highly suggest you take a look at the site. The site has a debt meter on it and shows the numbers in 3 areas.
So what is the college debt bubble about and the impact it has on the country? Whats the fix in this? Colleges are going bankrupt even due to mismanagement and running campuses like a ritz hotel.
The college kids are carrying massive debt after graduation. 30k a year in income will not have a big impact in paying down debt. Basically kids today need 2 jobs if your not making 50k and if your in NYC or San Fran, your going be in a bigger mess. But the flip side is that is where they want to live. I also want a new car, I want to travel around the world too. The point is the costs of living and carry college debt is a massive issue and kids today seem as if they are ok with it. Yikes. Is it a need or a want to be living in high cost cities after college if your making 30k a year?
This post is not towards the kids who are making $100k a year out of college and is on the right track of saving money for retirement.
The gov loans, the debt levels,the high interest college loans in private sector. Should colleges ban credit card companies from campus too? Its a society that is telling young kids debt is good and interest rates. Just borrow.
Hope this post makes you think and just like my other posts.
At the end of the day,not one simple answer.
J
Great post, Mark Cuban is definitely an idol
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