Student Loan Interest Rates Double

Lendman: Student loan industry is a racket, students should get the same low-interest loans as banks.



America is facing a higher education bubble. Like the housing bubble, it is the product of cheap credit coupled with popular expectations of ever-increasing returns on investment, and as with housing prices, the cheap credit has caused college tuitions to vastly outpace inflation and family incomes. Now this bubble is bursting.