
By Kevin M
In the 1990s and early 2000s no one was seriously questioning the sustainability of large price increases in housing, or the integrity of the mortgages they secured. The same was true of the stock market in the 1980s, in the 1990s and again in the early 2000s. As we’ve seen in each case, that level of certainty is often the last step before a crisis.
A similar level of faith continues to exist in the assumed value of a college education and in the student loan debt commonly used to obtain it.
21st Century quandary: a college education has risks!
A college degree has value, and will continue to in the future—I have one myself. But the problem is that a college education today carries risks that it didn’t just a decade or two ago:
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