J AL7 said:
Sounds like you are predicting a burst like the housing market. I'm green so forgive me for my ignorance, can you run it down for me?
I'm thinking this will be worst than the housing market crash... If you think about it, whenever people defaulted on their mortgages there atleast was an a.sset of value (property) to recover something from.. Where is the intrinsic value in a degree? That paper is worthless... Anyone can get a student loan, tons of people are chasing a dream which denotes a bubble... just sooner or later...