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."

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.

posted by user-inactivated: 2074 days ago