Posts Tagged ‘higher learning’

LTNV: Loan-to-no-Value

tuition costs LTNV: Loan to no Value

We all bore witness to the financial meltdown.  We all know it was caused by sub-prime mortgages and greedy financial engineering and that it was exacerbated by a flailing auto industry, a deregulated, price-gauging credit card industry, and a general population who had to learn not to live beyond their means the hard way.  We have all suffered as a result.  Yet, the one endearing doctrine of value throughout the history of this country has been education.  The value of a good education, our parents told us, was the foundation for a successful professional life.  Well, call me a pessimist, but the more I think about it, education is what is going to cause this country’s next big economic disaster.  How so?  Let’s take a look…. Read the rest of this entry »

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