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IPFS News Link • Student Loans/Debt

JP Sears Shreds Conventional Wisdom on College and Student Loans

• https://www.lewrockwell.com, SchiffGold.com

That's the advice offered by JP Sears in a hilarious video that rips up the conventional wisdom on higher education and vividly illustrates the growing student loan debt problem in the United States.

I know the most intelligent way to start making a lot of money is to find a way to get at least $100,000 in debt before you even begin making money. So, I decided to go to college."

The number of Americans with federal student loans grew by 14 million to 42 million in the decade through last year. This included loans through programs for undergraduates, parents, and graduate students. Overall student debt more than doubled to $1.3 trillion over that period. According to the student loan debt clock, the total level of student loan indebtedness stands at over $1.4 trillion today. As we reported recently, student loan debt is even impacting baby boomers and threatening their retirements.

Government policy has driven the student loan debt crisis, driven by the idea that everybodyneeds to go to college. Sears manages to point out the absurdity of this thinking by simply carrying the rhetoric to its extreme.


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