20.Jan.2017 Student Loan Bubble Revisited
Now that we have Trump cutting HUD mortgage rates (i.e. houses are now more expensive for the poor), it’s a good time to revisit the college/student debt bubble. I wrote about this in detail in 2012, and the bubble has only gotten larger since, but has not to this point “popped”:
So my question is to you: what does a Trump presidency mean for education. And the answer to that will determine what it means for our athletics moving forward. OSU has been able to bring in a great deal of revenue via Ecampus (I believe we’re top 10 in the world in that regard), and much of that is on the backs of government subsidized student loans. If Trump makes the loans more difficult to attain, gets rid of grants, raises rates on them, etc, what does this mean for OSU?
Universities across the Nation should be wondering these things. Their livelihood is very closely related to a constant stream of new students via low rates, government subsidy/grant, and the idea that a standard college education in the modern era has value (in an era of YouTube, Khan academy, etc).