{"id":24461,"date":"2011-10-19T12:22:10","date_gmt":"2011-10-19T16:22:10","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=24461"},"modified":"2011-11-01T17:08:43","modified_gmt":"2011-11-01T21:08:43","slug":"student-loans-outstanding-will-exceed-1-trillion-this-year-cauchon","status":"publish","type":"post","link":"https:\/\/danielschristian.com\/learning-ecosystems\/2011\/10\/19\/student-loans-outstanding-will-exceed-1-trillion-this-year-cauchon\/","title":{"rendered":"Student loans outstanding will exceed $1 trillion this year [Cauchon]"},"content":{"rendered":"

Student loans outstanding will exceed $1 trillion this year<\/strong> <\/a>— from USAToday.com by Cauchon<\/p>\n

Excerpts:<\/em><\/p>\n

Students and workers seeking retraining are borrowing extraordinary amounts of money through federal loan programs, potentially putting a huge burden on the backs of young people looking for jobs and trying to start careers.<\/p>\n

The amount of student loans taken out last year crossed the $100 billion mark for the first time and total loans outstanding will exceed $1 trillion for the first time this year <\/strong>(emphasis DSC)<\/em>.<\/strong><\/span>\u00a0 Americans now owe more on student loans than on credit cards, reports the Federal Reserve Bank of New York.<\/p>\n

…<\/p>\n

Students are borrowing twice what they did a decade ago after adjusting for inflation, the College Board reports.<\/p>\n

…<\/p>\n

“It’s going to create a generation of wage slavery,”<\/span><\/strong> says Nick Pardini, a Villanova University graduate student in finance<\/span> (emphasis DSC)<\/em> <\/strong><\/span>who has warned on a blog for investors that student loans are the next credit bubble \u2014 with borrowers, rather than lenders, as the losers.<\/p>\n

 <\/p>\n

From DSC:<\/span><\/strong>
\nAgain, this speaks for the need for higher education to work hard on reinventing ourselves — innovating and thinking creatively to come up with significantly lower cost alternatives in offering a quality education to the youth of today.\u00a0<\/span><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Student loans outstanding will exceed $1 trillion this year — from USAToday.com by Cauchon Excerpts: Students and workers seeking retraining are borrowing extraordinary amounts of money through federal loan programs, potentially putting a huge burden on the backs of young people looking for jobs and trying to start careers. The amount of student loans taken […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[86,209,57,159,72,36,35,3,436,310,66,321],"tags":[52,290,606,587,586,585,566,661,251,637,779,722,603,728,572],"class_list":["post-24461","post","type-post","status-publish","format-standard","hentry","category-change","category-changing-business-models","category-cost-of-getting-a-degree","category-dangers-of-the-status-quo","category-daniel-s-christian","category-future-of-higher-education","category-game-changing-environment","category-higher-education","category-reinvent","category-staying-relevant","category-student-related","category-united-states","tag-budgetary","tag-cost-of-getting-an-education","tag-daniel-s-christian","tag-future","tag-future-of-higher-education","tag-game-changing-environment","tag-higher-education","tag-innovation","tag-new-business-models-in-he","tag-perfect-storm","tag-reinvent","tag-staying-relevant","tag-student-related","tag-united-states","tag-walmart-of-education"],"_links":{"self":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/24461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=24461"}],"version-history":[{"count":11,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/24461\/revisions"}],"predecessor-version":[{"id":24469,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/24461\/revisions\/24469"}],"wp:attachment":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=24461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=24461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=24461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}