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Higher Education bubble...
Posted on 12/3/14 at 3:16 pm
Posted on 12/3/14 at 3:16 pm
I think this is the next bubble to pop in this country.
What can I do now to profit from it later?
What are your thoughts on the topic in general?
What can I do now to profit from it later?
What are your thoughts on the topic in general?
4
Posted on 12/3/14 at 3:35 pm to DriveByBBQ
quote:
What are your thoughts on the topic in general?
Yes, there is a bubble, and all bubbles pop.
You would think the pop would occur in student loans - the default rates would skyrocket, causing banks huge losses - so your play would be to short the banks.
But this is a ways off, this won't happen overnight. And student loans, while you default on them, are damn near impossible to get rid of. Plus, there are so many options for deferrment, etc.
The real issue is that money spent on student loan repayment crowds out other spending. So, things like purchase of homes are delayed.
quote:
What can I do now to profit from it later?
Short textbook companies??
Posted on 12/3/14 at 3:36 pm to DriveByBBQ
Open a trade school.
Posted on 12/3/14 at 3:40 pm to DriveByBBQ
I agree.
Amenities are driving the cost of higher education and eventually parents will find options that focus on classes and certifications rather than experiences like semester at sea, study abroad and club med lifestyle amenities on campus.
It is absurd how much it has changed since I graduated in 1986 from Auburn. We ate a lot of sandwiches and had a bare bones student center wit a TV and a ping pong table. Now every college tries to outdo each other with plush fitness centers, restaurant quality dining facilities, Las Vegas style swimming pools, and high end condo living.
Meanwhile, cost of attendance goes up and up and up.
Amenities are driving the cost of higher education and eventually parents will find options that focus on classes and certifications rather than experiences like semester at sea, study abroad and club med lifestyle amenities on campus.
It is absurd how much it has changed since I graduated in 1986 from Auburn. We ate a lot of sandwiches and had a bare bones student center wit a TV and a ping pong table. Now every college tries to outdo each other with plush fitness centers, restaurant quality dining facilities, Las Vegas style swimming pools, and high end condo living.
Meanwhile, cost of attendance goes up and up and up.
Posted on 12/3/14 at 3:54 pm to makersmark1
It is getting pretty unreal. I went to visit my friend who was attending Arizona State over Mardi Gras break a couple times and that place is pretty much a resort that you can take classes at.
Posted on 12/3/14 at 4:06 pm to makersmark1
quote:It's a cycle...
It is absurd how much it has changed since I graduated in 1986 from Auburn. We ate a lot of sandwiches and had a bare bones student center wit a TV and a ping pong table. Now every college tries to outdo each other with plush fitness centers, restaurant quality dining facilities, Las Vegas style swimming pools, and high end condo living.
Meanwhile, cost of attendance goes up and up and up.
Price goes up for 2 reasons:
1) Everyone think everyone should have a college education. So demand is high. All parents want their kids in college; and who's to blame them? Who cares if it's a setback or a waste of money? So what if 2 years experience after 1 year at trade school will get you the same starting salary as a guy who's now 3 years behind you in seniority and 120k in debt
2) The debt itself is easy to get. This goes along with everyone thinking they should have access to that high education. The money is given to anyone for almost any reason. And the schools know this. They know that they can charge ridiculous amount because people can get the loans to pay for it. The school isn't liable because it's a government loan and they're paid up front. It's the same as the banks that passed the buck along and wrapped up terrible loans into investments to look sweeter.
It will all come crashing down eventually. But it won't happen until the loans stop becoming so easy to get. No US government wants to deal with that though. What's tough is that these loans aren't taken as seriously as they should be because no one has to start paying on them for years.
Posted on 12/3/14 at 4:44 pm to DriveByBBQ
quote:
What can I do now to profit from it later?
Wait 10 years before you go get your degree?
Posted on 12/3/14 at 4:45 pm to AngryBeavers
quote:
a resort that you can take classes at.
You are George Orwell.
"Never say two words where one will suffice" or something like that.
"a resort you can take classes at" really defines the modern college experience.
Posted on 12/3/14 at 4:58 pm to TheIndulger
quote:
Wait 10 years before you go get your degree?
already got it...and paid a pretty penny.
edit: My Parents paid a pretty penny.
This post was edited on 12/3/14 at 5:14 pm
Posted on 12/3/14 at 5:23 pm to ell_13
quote:
It will all come crashing down eventually. But it won't happen until the loans stop becoming so easy to get. No US government wants to deal with that though.
Not until the US gov't gets out of the business of guaranteeing the loans.
This is strictly a gov't created bubble.
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