The

Education

Bubble

The Truth About The College Student Debt Crisis

DYI:  Great student loan You Tube power point presentation from the beginning of the program till now (2015).  What I found the most interesting is the comparison of disposable income after taxes and debt (student loans) for four – on average – individuals in their chosen fields after schooling [at 23:35 video].

1.    Joe the plumber – $71,685 per year after debt & taxes…Net $33,243 per year.

2.     Sally the teacher - $89,584 per year after debt & taxes…Net $27,608

3.  Bob the teacher (MA) - $103,250 per year after debt & taxes…Net $26,503

4.     Jill the doctor - $185,895 per year after debt & taxes…Net $33,666 per year.

Joe the plumber and Jill the doctor based only on a monetary basis are dead even.  Is it any wonder why enrollment has gone flat and for many of the more expensive schools has turned downward?  Prospective students and parents are figuring this out in greater numbers accelerating the decline in enrollment.  Within 3 to 5 years the higher educational complex will begin to ramp up their propaganda to obtain additional subsidies as student population continue their fall.  As they pump out their spurious claims DYI will be there to report.

DYI