It’s hard not to think about the ramifications of a government-run education system when there are weekly reports about the impending implosion of the student loan industry. At over $1.4 trillion dollars, that’s larger than both US automotive loan balances and household credit card debt!
There’s obviously something awry with the way the system is set up, but we’re not here to debate that. What we are here to do is demonstrate that the same rigor of thinking that has created the student loan bubble also shares responsibility for the failure of brick and mortar.
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