Potential Market Crash
The article that I read was about how college cost could lead to a potential market crash. College costs keep rising and almost everyone wants a college degree now. Every year the college graduates debt breaks the record of the debt for the previous year. This generation is the first to shoulder the cost of college primarily through interest bearing loans rather than grants. The debt is not a problem, as long as income keeps pace. As long as businesses keep making money, things will all work out. Students treat their student loans just like another debt that they need to keep track off. As long as they have a job, they will be able to pay it off. You receive a higher income with a college degree than without one. That's why the college students see it as an investment. Whatever you spend on college, you'll make it back many times over once you are working. But unfortunately you have to be in it for the long haul because the money really doesn't come in until years later......
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