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Interest rates on many subsidized student loans could shoot up to 6.8% from 3.4% on Monday...

Interest rates on many subsidized student loans could shoot up to 6.8% from 3.4% on Monday unless Congress moves on the issue, but that's not the biggest problem facing U.S. families, according to industry watchers. College tuition keeps rising at unsustainable rates creating mounds of debt for graduates. The impact on for-profit education companies (ESI, EDMC, APEI, LINC, BPI, LOPE, APOL, COCO, STRA, NAUH, CECO, DV) is seen as two-fold: In the short-term, attractive pricing in relation to traditional colleges and universities could help demand for the sector - but in the long-term there are risks that a student loan bubble could end the party abruptly.
Comments (2)
  • Hubert Biagi
    , contributor
    Comments (689) | Send Message
     
    Since when are people forced into these "problems"? I got thru college and grad school primarily on academic scholarships, and finished with zero debt. But never mind, the fundamental things you need in life are not even taught in school. Today, it seems there are too many mediocre achievers willing to buy the (government) hype, take the ride and then play the victim card later on.
    28 Jun 2013, 11:55 AM Reply Like
  • Robert.from.Ct
    , contributor
    Comments (373) | Send Message
     
    50 % of kids should not even be in college..
    28 Jun 2013, 06:04 PM Reply Like
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