College 'bubble' will burst, put them out of business.

#1 Edited by loco145 (10764 posts) -

LANSING -- Tuition may be rising at Michigan State University, the University of Michigan and other colleges across the state and the nation, but businessman Mark Cuban says those increases will lead to a collapse in the student loan market.

Cuban, a businessman who owns a movie house chain and the NBA's Dallas Mavericks and appears as an investor on ABC's "Shark Tank," says the rising cost of college tuition is part of a "student loan bubble" that could rival the collapse of the housing market.

"College tuitions have exploded because of easy money from Sallie Mae," Cuban said in the video. "The problem is, that bubble has led to more than $1 trillion in student debt, which is having an effect on the economy and really holding us back."

Cuban said that a collapse in the student loan market would cause sharp drops in tuition and force colleges out of business.

Source with Video.

#2 Edited by deeliman (2386 posts) -

We get it, you flunked out of college and are now salty, please stop making threads about it

#3 Posted by loco145 (10764 posts) -

@deeliman said:

We get it, you flunked out of college and are now salty, please stop making threads about it

No, I did not.

#4 Posted by chessmaster1989 (29099 posts) -

We don't care that you failed out of college TC.

#5 Posted by dave123321 (33752 posts) -

What was your college experience like, loco

#6 Edited by loco145 (10764 posts) -

I bring well researched articles, editorials and expert opinions about the higher education situation in America and all you guys can say is "Lol you flunked teh college!". That college education that guys hold so dear is indeed shinning.

#7 Posted by dave123321 (33752 posts) -

What was your experience like

#8 Posted by lostrib (34274 posts) -

#9 Posted by chessmaster1989 (29099 posts) -
@loco145 said:

I bring well researched articles, editorials and expert opinions about the higher education situation in America and all you guys can say is "Lol you flunked teh college!". That college educations of you guys hold dear is indeed shinning.

Ever considered a career as a salt block?

#10 Edited by lostrib (34274 posts) -

@loco145 said:

I bring well researched articles, editorials and expert opinions about the higher education situation in America and all you guys can say is "Lol you flunked teh college!". That college education that guys hold so dear is indeed shinning.

perhaps it's because you do it all the time, and you tend to act like an asshole about it.

We got it the first dozen times, you don't like college. Hurray! No one gives a fuck

#11 Posted by SolidSnake35 (58095 posts) -

You're right. Education is overrated.

#12 Posted by IMAHAPYHIPPO (2563 posts) -
@lostrib said:

@loco145 said:

I bring well researched articles, editorials and expert opinions about the higher education situation in America and all you guys can say is "Lol you flunked teh college!". That college education that guys hold so dear is indeed shinning.

perhaps it's because you do it all the time, and you tend to act like an asshole about it.

We got it the first dozen times, you don't like college. Hurray! No one gives a fuck

^^^Seriously... It's not because you don't like college. It's because you don't like college and you're constantly telling everyone they shouldn't like college, and there's no reason to go. And all you talk about is money, like that's the sole factor in choosing a career, and not finding something that makes you happy, of which many careers aren't possible without college degrees.

And when somebody responds to you in this manner, like a reasonable human being who disagrees, you ignore them and focus solely on the people who assume you didn't graduate college. The problem is you refuse to actually engage anyone who counters your argument with something worth discussing, which is makes you seem like a close-minded asshole, and it's why you get this reaction to every one of your articles. And it's why nobody gives a shit.

#13 Posted by airshocker (28985 posts) -

@loco145 said:

I bring well researched articles, editorials and expert opinions about the higher education situation in America and all you guys can say is "Lol you flunked teh college!". That college education that guys hold so dear is indeed shinning.

But you only ever speak about college being worthless. What are we supposed to think when you're a one trick pony? Do you really think we're so stupid that we can't see that there's an underlying reason why you're posting like this?

You've made it clear: You don't like college. I don't like Obama's policies but I don't make all of my threads about them.

#14 Edited by BranKetra (48109 posts) -

I will say one thing in this thread.

When arguing something, the worst possible thing you can do to hurt your own side is be redundant.

#15 Posted by magicalclick (22428 posts) -

This is a translation if school are like cars.

TC: I hate Ferrari, it is over prices, shallow, and people shouldn't buy it. Driving Ferrari don't make you rich.

Other people: STFU, Ferrari is awesome.

Me: I love my 7K Ford Escort.

#16 Posted by xdude85 (4339 posts) -

Yeah, that's cute kid.

#17 Posted by ferrari2001 (16809 posts) -

While I will agree with the fact that TC seems to have an overabundance of hatred for college education but let's not ignore some of the statistics of his arguments. Almost $1 trillion in nationwide student debt with an average debt of almost $27,000 per person. While having education is good, no one should be burdened by that massive amount of student debt. The system is clearly broken. Although, unfortunately, colleges profit off of it's necessity.

#18 Edited by ReadingRainbow4 (13375 posts) -

Real world experience > university. Especially if you gravitate towards something that allows you the freedom of becoming your own boss.

No one enjoys piling on the student debt only to barely be able to find a job out there that doesn't make any use of your skills. Many of which you can learn in the field.