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Billionaire Warns Of Massive Crash That Will Wipe Out America’s Colleges: “You’re Going To See A Repeat Of What We Saw In The Housing Market”
Thursday, January 1, 2015 9:35
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Source: www.goodnewscommunications.net | Original Post Date: December 28, 2014 –
The billionaire owner of the Dallas Mavericks says America’s colleges are in serious trouble and that over a trillion dollars in student loans will put many of them out of business.
For years the federal government has been subsidizing loans, much like they did with houses ahead of the 2008 crash. This has led to increased tuition costs and lending to individuals who will more than likely never be able to pay back their student loans. The end result, according to Mark Cuban, will be a bursting of the debt bubble, a significant drop in college tuitions, and an outright collapse of America’s institution of higher learning…
Source: http://soundofheart.org/galacticfreepress/content/billionaire-warns-massive-crash-will-wipe-out-america%E2%80%99s-colleges-%E2%80%9Cyou%E2%80%99re-going-see-repeat
