Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

February 23, 2018 | Endless Student Debt Subsidies Exacting a Heavy Cost on Economy and Taxpayers

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Education and training are critical for making young people productive, but excessive student debt underwritten by governments have most of all provided massive subsidies to enrich lenders, schools and their administrators. In the end, debt-crippled young people make for poor consumers and savers.

We, the economy and taxpayers, will continue to pay the cost of a highly inefficient, cost-bloated education system. More efficient education delivery is essential to sustainability. More corporations and employers must also reclaim their historic investment role in helping to train and educate their workers.

CNBC’s Scott Cohn reports on the Trump administration looking for ways to fix the student loan debt crisis.  Here is a direct video link.

New rules could be in the works for student loan debt from CNBC.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

February 23rd, 2018

Posted In: Juggling Dynamite

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.