asterisk2a + studentloans   20

Universities announce fees above £9,000 limit
Universities in England are already announcing a tuition fee increase above the £9,000 limit before Parliament has even finished debating plans which would pave the way to raise fees.
University  tuition  fee  Conservative  Party  Tories  nasty  Justine  Greening  Nicky  Morgan  Michael  Gove  Theresa  May  David  Cameron  Nick  Clegg  Liberal  Democrats  UK  student  debt  Loan  Bubble  StudentLoans  student  student  loans  discretionary  spending  disposable  income  debt  servitude 
july 2016 by asterisk2a
UK consumes far less than a decade ago – 'peak stuff' or something else? | Business | The Guardian
From crops to energy and metals, average material consumption fell from 15 tonnes in 2001 to just over 10 tonnes in 2013 [...] UK households have also abandoned buying many resource-intensive goods common in the recent past – such as metal-heavy video recorders and hi-fi systems, vinyl records, CDs and books – as they shift to digital consumption. [...] The figures will spark fresh speculation that Britain and other developed economies have hit ‘peak stuff’, although some critics pour scorn on the quality of the ONS’s environmental accounts. In January, Ikea said the appetite of western consumers for home furnishings had reached its peak and consumption of many familiar goods was at its limit. Household spending on physical goods, including furnishings, clothing, cars and gadgets, decreased between 2002/03 and 2014, [...] Households now spend more on services than physical goods, he said. [...] [ saturation in some markets but we are not living in peak stuff ]
peak  stuff  secular  stagnation  demographic  bubble  zombie  consumer  materialism  status  anxiety  consumerist  consumer  choice  consumerism  sustainability  sustainable  resource  depletion  finite  resources  consumer  debt  marginal  propensity  to  consume  disposable  income  discretionary  spending  household  debt  car  loan  credit  card  debt  student  loan  debt  student  loan  student  debt  StudentLoans  savings  rate  retirement  poverty  in  old  age  poverty  squeezed  middle  class  wage  stagnation  job  creation  low  pay  low  income  Zero  Hour  Contract  Contractor  self-employment  working  poor  precarious  work  Precariat  capitalism  western  world  COP21  carbon  tax  carbonfootprint  carbonemission  sharing  economy  Service  Sector  Jobs  recycling 
february 2016 by asterisk2a
Marco Rubio Takes Mark Halperin to School - YouTube
min 4 - liberalising student loan's, making student loans a pure private entity. lol. what could go wrong? the small print. the "selling" of said in-transparent contracts. where in the USA, you can't default on your student loans - they are exempt from private bankruptcy proceedings.
re-training  vocational  education  education  policy  apprenticeships  e-learning  online  learning  practical  skills  practical  skill  set  College  un-college  MBA  University  student  loan  debt  Bubble  studentdebt  StudentLoans  Marco  Rubio 
may 2015 by asterisk2a
The Real Looting of Baltimore... - YouTube
- same with mortgages linked to forex/different currency than your country of residence. // // abuse of existing instruments, not using it for intended purpose // and mis-selling of instruments and products - also see PPI ( Payment Protection Insurance ) mis-selling - http://www.bbc.co.uk/news/business-30695720 // and mis-selling forex linked loans (ie to Swiss Franc) to local governemnts and cities called Interest Rate Swap Mis-selling that got exorbinant expensive following the GFC actions (NIRP) by Central Banks (black swan) // all driven by managers meeting targets, getting and wanting bigger bonuses, wanting the bosses job, ... etc driven by cottage industry of analysts 'forecasting' that profit has to rise X% etc etc. // add also For Profit Schools! in the USA targeting Veterans & other rather financially illiterate :: youtu.be/P8pjd1QEA0c // biggest debt kind - mortgage and student loan debt // financial literacy also include gambling & lottery
Baltimore  Ferguson  mortgage  market  subprime  predatory  lending  practices  ninja  mortgage  UK  USA  Capitalism  crony  profit  maximisation  shareholder  value  foreign  currency  mortgage  bailout  corruption  abuse  of  power  CDS  MBS  lobbyist  lobby  Lobbying  revolving  door  Washington  GFC  toobigtofail  too  big  to  jail  TBTF  Gini  coefficient  financial  literacy  plutocracy  income  inequality  inequality  social  mobility  income  mobility  Western  World  Thomas  Piketty  economic  history  democracy  social  cohesion  libor  rigging  scandal  PPI  scandal  bonuses  bonus  Wall  Street  Payment  Protection  Insurance  mis-selling  Interest  Rate  Swap  banking  investment  banking  banking  crisis  American  Dream  Payday  Loans  debt  bubble  Super  Cycle  student  loan  debt  StudentLoans  lottery  gambling  downward  mobility 
may 2015 by asterisk2a
BBC News - More student loans won't be repaid, government believes
Ministers estimated that 28% of loans would never be paid back in full when factoring their calculations. But now repayment levels are projected to drop so low that the government is close to getting back less money than it would have by keeping the old system. Responding to a parliamentary question, universities minister David Willetts said the government had been reviewing its modelling on student loans and now estimated that about 45% would be written off - an increase from 40% six months ago. Economics consultancy London Economics said the "tipping point" at which the costs of the new system will exceed those of the old one would be reached if 48.6% of all student loans were not repaid.
StudentLoans  Student  Loan  Bubble  debt  income  mobility  social  mobility  Super  Cycle  debt  education  policy  Public  babyboomers  Future  of  Work  practical  skills  practical  skill  set  Liberal  Arts  Mobile  Creative  Mobile  Creatives  apprenticeships  Trainee  Year  of  Code  Elite  Privileged  1%  meritocratic  meritocracy  Toff  UK  industrial  policy  manufacturing  destruction  Structural  Impediments  imbalance  faultlines  flat  world  service  economy  globalisation  globalization  David  Cameron  GFC  austerity  George  Osborne  Career  Politicians  short-term  thinking  short-term  view  Vision  Leadership 
october 2014 by asterisk2a
BBC News - Student loan sell-off 'won't change repayments'
The proportion of loans not repaid - for instance because graduates do not earn enough to reach the threshold for repayment - was at one stage forecast to be 28%, but is now running closer to 40%. Mr Willetts told MPs that the difference was because earnings had failed to increase at the level expected - which meant that repayment levels had also been reduced. The most recent official figures on student loans, grants and awards, from November 2013, show that two months into the 2013-14 academic year more than £11bn had been paid to more than 990,000 students. On average, for 2012-13, students borrowed a tuition fee loan of £4,720, which is likely to rise as more students at university pay the higher level of fees introduced in 2012. In addition, students on average borrowed £3,750 each in maintenance loans.
StudentLoans  Student  Loan  Bubble  studentdebt  lostgeneration  lostdecade  Higher  Education  formal  business  UK  income  mobility  income  growth  income  inequality  income  distribution  policy  folly  political  folly  political  error  policy  error  fiscal  policy 
january 2014 by asterisk2a
▶ BBC Documentary: Who Gets the Best Jobs? - YouTube
http://www.bbc.co.uk/programmes/b00yb5kv Internships (Work Experience) = Working for free can not many afford, the least can afford it. Internship gets u access to 'high barrier to entry' jobs that run a country, economy, the upper echelons of the economy. Add student loan + living expenses to get a compatible & competitive degree, which not everyone can afford. It's barrier after barrier. Add 'people you know', family connections as another barrier. Hourglass society; those have a education qualification (academic route) and those who have a vocational education (ie apprentice ship). 80's was the fork in the road (de-industrialization period of UK / start of globalization). In the UK ur earning power is determined 50% by what family you were born into (start in life) & the other by your work effort. Fairness & Aspiration go together. Scandinavia much better. http://gu.com/p/3jj7n http://en.wikipedia.org/wiki/Alan_Milburn
social  mobility  income  mobility  Gini  coefficient  UK  inequality  democracy  education  business  education  formal  education  Higher  internship  fairness  Student  Loan  Bubble  studentdebt  StudentLoans  employment  ladder  opportunity  social  science  social  society  economic  history  austerity  working  poor  living-standard  standard  of  living  soft  skills  networking 
november 2013 by asterisk2a
BBC News - Fears over 40% fall in part-time students
t examines why part-time students have fallen by 40% in two years, equivalent to a reduction of 105,000. There are concerns that such part-time courses are necessary to provide the skills needed by industry. Sir Eric Thomas, who headed the review, said "something is going wrong". There has been widespread recognition of the economic importance of part-time courses in allowing adults to improve their skills.
skills  student  loan  debt  Career  Politicians  employment  squeezed  middle  class  GFC  complexity  StudentLoans  Higher  Education  unintended  consequences  consumer  debt  davidcameron  Bubble  policy  error  greatrecession  policy  folly  debtoverhang  economic  history  working  poor  stagflation  squeezed  middle  UK  income  mobility  austerity  middle  class  Part-Time  Students  household  debt  unknown  unkown  greatdepression  Part-Time  Study  Toff  deleveraging  social  mobility  GeorgeOsborne  studentdebt 
october 2013 by asterisk2a
danah boyd | apophenia » why I’m quitting Mendeley (and why my employer has nothing to do with it)
> Knowledge that is not proprietary - got to be free. < >> "Elsevier’s practices make me deeply deeply angry. While academic publishing as a whole is pretty flawed, Elsevier takes the most insidious practices further at each and every turn, always at the expense of those of us who are trying to produce, publish, and distribute research." + http://thecostofknowledge.com/
academics  knowledge  ethics  StudentLoans  formal  education  studentship  education  SOPA  academia  moral  dilemma  Student  Loan  Bubble  education  Aaron  Swartz  ethic  university  academic  publishing  Elsevier  moralhazard  scholarship  ethical  beliefs  higher  education  Mendeley  Danah  Boyd  library  Cost  of  studentdebt  universities 
april 2013 by asterisk2a
The Student Loan Bubble In 19 Simple Charts | ZeroHedge
Crummy politicians guaranteed mortgage debt which led via little conservatism and little oversight and governance into a property bubble, etc etc - the rest is history

The same has been in the making for over 2 decades now with student debt and grants ... a bubble that will burst eventually.

http://www.zerohedge.com/news/2012-09-28/next-subprime-crisis-here-over-120-billion-federal-student-loans-default

there is now at least $122 billion in federal student loan defaults. And surging every day.

Ladies and gentlemen: meet the new subprime.
NPL  subprime  governance  lobby  oversight  lostgeneration  government  USA  Student  Loan  Bubble  debt  education  education  college  university  un-college  studentdebt  debt  StudentLoans 
september 2012 by asterisk2a
Higher education: The college-cost calamity | The Economist
A crisis in higher education has been brewing for years. Universities have been spending like students in a bar who think a Rockefeller will pick up the tab.

Universities hope that vast investments will help them attract the best staff and students, draw in research grants and donations, and ultimately boost their ranking in league tables, drawing in yet more talent and money. They have also increased the proportion of outlays gobbled up by administrators.

To pay for all this, universities have been enrolling more students and jacking up their fees. The average cost of college per student has risen by three times the rate of inflation since 1983. The cost of tuition alone has soared from 23% of median annual earnings in 2001 to 38% in 2010. Such increases plainly cannot continue.

Book: Glenn Reynolds “The Higher Education Bubble”

people start asking whether a degree in religious and women’s studies is worth the $100,000 debt incurred to pay for it.
StudentLoans  book  bubble  studentdebt  student  loan  debt  un-college  education  college  university  debt  bubble 
august 2012 by asterisk2a
Jobless generation puts brakes on US - FT.com
Young Americans are well aware of their precarious place in today’s economy, with only 16 per cent in a Rutgers University survey of recent university graduates believing their generation will have greater financial success than the one before. About half of the students surveyed had full-time jobs, and 40 per cent of the college graduates with loans reported putting off big purchases such as cars and homes.

This leaves a firmer economic recovery closely tied to the fortunes of a generation gripped by high levels of debt – and falling incomes from the jobs that require the education the debt buys.
lostdecade  lostgeneration  greatrecession  GFC  bubble  education  debt  bubble  StudentLoans  student  loan  debt  USA  university  college  youth  unemployment  unemployment 
july 2012 by asterisk2a
The Next Economic Crisis: Student Debt - YouTube
Student debt in the US now totals over $1 trillion, more than all credit card debt combined.
debt  moralhazard  social  mobility  education  2012  debtoverhang  USA  student  loan  debt  debt  bubble  studentdebt  StudentLoans 
june 2012 by asterisk2a
Earth to Academia: Student Loan Debt is Mounting - And It's Unethical. - YouTube
The average student graduates with $23,000 in debt. "That's a lot of debt for a 22-year-old," says Michael Ellsberg - and when you combine it with astronomical rates of unemployment rates, you have a crisis on your hands.
StudentLoans  USA  bubble  education  debt  ethical  ethics  studentdebt  risk  risk-management  fraud  higher 
november 2011 by asterisk2a
College Loans Weigh Heavier on Graduates - NYTimes.com
interest payments eat disposable income. period.
and defaults and missed payments destroy their credit score.

- 20 something people need more tarmac to fly independently 

“In the coming years, a lot of people will still be paying off their student loans when it’s time for their kids to go to college,” said Mark Kantrowitz, the publisher of FinAid.org and Fastweb.com, who has compiled the estimates of student debt, including federal and private loans.
Two-thirds of bachelor’s degree recipients graduated with debt in 2008, compared with less than half in 1993. Last year, graduates who took out loans left college with an average of $24,000 in debt. Default rates are rising, especially among those who attended for-profit colleges.

Some education policy experts say the mounting debt has broad implications for the current generation of students.
StudentLoans  USA  policy  debt  2011  freedom  capitalism  generationy  millennials  generation  burden  unintended  university  college  UK  tuition 
april 2011 by asterisk2a
College Graduates Facing Mounting Debt, Rising Unemployment - Real Time Economics - WSJ
The nonprofit reports that average debt for college seniors who graduated with loans in 2008 rose to $23,200 in 2008, up from $18,650 in 2004. Roughly two-thirds of students graduate with student loans, government surveys show.

Lauren Asher, president of the Project on Student Debt and co-author of the paper, says the growing debts show a “systemic change in the way our higher education system is financed.”
studentdebt  StudentLoans  usa  debt  systemicrisk 
december 2009 by asterisk2a

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