There’s even worse news just out about student loan debt: The Federal Reserve now says total student loan debt outstanding is $1.57 trillion, not $1.53 trillion. (Click here to read the first part of this three-part series.)
That’s a 27% jump since 2014.
New data reveals that 69% of the class of 2018 took out student loans.
The graduating class of 2018 has an average education debt pile of $29,800. That doesn’t include 14% of the class of 2018’s parents borrowing an average of $35,600 in federal PLUS loans.
What’s wrong with the forever higher cost of higher education is that there’s more loan money available than ever.
Some presidential-hopeful politicians think the answer is to do away with government loan money and just make higher education free.
And, some would-be presidential candidates think outstanding loans should be forgiven too.
Saying the cold, hard facts on student loan debt are frightening is like calling the Grand Canyon a ditch.
There’s so much on student loan debt that this is going to be a three-part series.
In this series, I’m going to tell you which facts are real and why some so-called facts are absolute lies. I’ll also dissect some presidential hopeful’s plans for free education – and why that will never happen.
I’m going to tell you what the real problem with student loans is, why no one wants to hear the truth, and what to do to fix the massive problem the country’s really facing.
But first, today, I’m going to break down the facts about student loans, and the numbers might be shocking.
Yesterday morning, retail stocks were hit hard – a result of the China tariffs. And Shah Gilani says that this bashing isn’t over yet; in fact, it could get uglier. But this isn’t necessarily bad news. Right now, think of these retail stocks as being “on sale,” and should be considered some great buying opportunities… Click here to watch.
For years, Shah Gilani has been the perma-bull, the raging bull, and even the reluctant bull. But now, recent market volatility has Shah Gilani feeling like this could be the beginning of the end for the bull market. And until there is any resolution with the China trade situation, you could say this market’s not in Kansas anymore… Click here to watch.
After stocks rose on the heels of their frightening October to late December selloff, like an ancient deity rising from the dead, with the S&P 500 and Nasdaq Composite only five months later making new all-time highs, analysts were talking about the goldilocks economy and the goldilocks market for stocks.
All of a sudden, everything’s changing.
The goldilocks economy is about to be sorely tested with the trade war between the U.S. and China going to DEFCON 3. And the goldilocks market is being threatened by three stocks in bear market mode.
You know what a protracted trade war could do to the economy.
Because stupidity doesn’t deserve a lot of space to be discussed, I’ll keep this really brief.
Uber is stupid for waiting so long to go public.
Not only will their IPO bomb, if not on the first day (though that’s my bet), then shortly thereafter. But by going public now with their debut and reputation about to be tattered, they’re going to disenfranchise their drivers who will collectively further distance the company from maybe ever making a profit.
Forrest Gump reminded us, “Stupid is as stupid does.”
Newly-public Lyft Inc. (NasdaqGS:LYFT) released earnings yesterday with a loss of $1 billion. This morning on Varney & Co., when posed the question of whether he’d buy Lyft at $58 with this loss, Shah Gilani gave a firm “No.” The problems with Lyft go past the surface, so investors may want to steer clear… Click here to watch.