Gordon T Long & Charles Hugh Smith have written many an article & hosted many videos & podcasts highlighting the escalating bubble in student loan debt & the escalating cost of higher education. Artificially held down interest rates have contributed to many of the factors causing this bubble .. repressed low interest rates have enabled many students to borrow increasingly massive levels of money – in essence overvaluating the benefits of a college education ..

“Once upon a time in America,” says professor Sajay Samuel, “going to college did not mean graduating with debt.” Today, higher education has become a consumer product — costs have skyrocketed, saddling students with a combined debt of over $1 trillion, while universities & loan companies make massive profits. Samuel proposes a radical solution: link tuition costs to a degree’s expected earnings, so that students can make informed decisions about their future, restore their love of learning & contribute to the world in a meaningful way .. 12 minutes

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