This blog has written several pieces about college debt and the financial wreck of American colleges and universities. Now another financial analyst has come out with worse news. Continue reading →
Tag / universities
Democrats dropping the “soccer mom” vote for the voters with “student debt”
GOP is losing Millennial voters and nothing they can do about it. Continue reading →
College financial debt implosion is coming
Last week Jamie Dimon gave a speech indicating some perspective on college student loan debt.
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Purdue staffer who threatened rape resigns
End of January I wrote a piece “Is it Time to Gut Our Colleges”.
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College Payrolls Main Driver on Student Debt
With college students sinking in college debt each year one thing that no one is talking about
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More Proof Student Loan Debt Will Crash in the Future
Robert Wenzel over at EconomicPolicyJournal.com posted two impressive charts which defy the reality of economics and shows the coming student loan debt bubble will be a hard crash when it happens. Biggest reason student debt is skyrocketing is because most student loans are financed by the federal government. Unfortunately the only ideas being floated is more government intervention.
First chart is the mega growth of student loans compared to other loans in the economy
Another chart he posted shows that only 29% of people paying off student debts and the principle is going down.
Walmart Expanding on College Campuses
I took a look at some Walmart store expansion numbers to see where the company is expanding. This is current data from February 2015.
First lets go overseas where they are ramping up in South Africa
The current U.S. data is where I found the college campus expansion numbers.
Here is more about the recent growth on college campuses via INSIDE Higher Ed –
In January 2011, Walmart opened its first location on a university campus at the University of Arkansas at Fayetteville, a half-hour drive from its corporate headquarters. Now, Walmart has announced that it will be opening a second campus location, at Arizona State University, with luck by May, according to Delia Garcia, a Walmart spokeswoman. A third location, at Georgia Tech, is slated to open at a to-be-determined time next year. “Walmart on campus is an opportunity to bring low prices to students, reach new customers and serve our on-campus customers in a convenient way,” Garcia said in an interview.
Inflation Alert: College Textbooks
Recent data compiled is showing college textbooks are rising at a double digit rate. The National Association of College Stores has price comparisons on new textbooks college students buy.
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Average Price of New Books
2007: $56
2015: $72
Price increase of 22%
Here are some other stats concerning college students and textbooks
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Average student spending for a semester of course materials
$509
Average college bookstore profit margin for a new book
21.1%
Percent of students who buy their books at their college bookstore
47%
Percent of students who say they have skipped buying a textbook because it was too expensive
65%
Inflation Alert: Notre Dame Tuition
Univeristy of Notre Dame is raising their tuition again. Get ready to pay according to the Indianapolis Star:
The University of Notre Dame is raising undergraduate tuition by 3.7 percent to $47,929 next school year.
The university says with average room and board rates of $13,846, the annual cost of attending Notre Dame will be $61,775.
The school said the 3.7 percentage increase in tuition and fees is the lowest at Notre Dame since there was no increase in 1960. Tuition had increased 3.8 percent for three straight years.
For the “there is no inflation” crowd, in just the last four years tuition has now increased 15.1%.
Colleges Dealing with Unprepared Students
Wall Street Journal is showing a growing trend of high school students entering college still needing remedial help.
In the last 12 years, students needing at least one remedial course has risen 160%.
Hoosier Econ 