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Meriadoc · 4254 days ago · link · · parent · post: Fed Advisory Council warns against college debt bubble, farmland bubble
I always end up writing in these threads because of my unabashed lividity towards the higher education system, and I by god it is nice to hear this finally acknowledged and spoken by someone in the Fed, even if Bernanke doesn't fully agree. It's a fresh change hearing this is a problem by people who actually have some power and education in this matters as opposed to hearing the empty words from politicians.Just as the mortgage lending boom pushed home prices upward, student loan lending has put upward pressure on tuition. The bankers said both examples showed a "lack of underwriting discipline."