Ben Bernanke Says That His Son Will Graduate With $400,000 Of Student Loan Debt

[oyarde]

University of Phoenix is insanely expensive.

Why so much ?? where I am from , most people just used IUPUI .

[The_Ruffneck]

at least his kid appears to be helping society by becoming a medical professional rather than destroying it by becoming a central banker
most kids of his intelligence choose the finance route over medical school nowdays because of the insane bonuses available , he could easily have walked into a cushy job at the fed if he wanted to

[anaconda]

Ben knows he'll be paying it back with increasingly worthless dollars. Maybe Ben knows hyperinflation is on the way.

[BlackTerrel]

I do not guess that a degree at University of Pheonix would cost more than a few thousand , and you could probably pay as you go if you have a job ?

It's expensive as fuck and will have basically ZERO benefit to getting you a job later.

You could go to Stanford or Harvard and get $200K in debt and you would be able to more than make up for it over your life. If this was an option for me I would do it in a heartbeat. University of Phoenix will cost you over $50K (a lot less) but most people will not make that up. The degree will not make them $50K more valuable going forward.

There are 1,000 colleges in the country - most are somewhere in the range between Harvard and Phoenix.

[awake]

Don't worrry, daddy will inflate him out of it. At 10 percent inflation, how many years untill his real debt load is halved?

[Kregisen]

Don't worrry, daddy will inflate him out of it. At 10 percent inflation, how many years is untill his real debt load is halved?

Inflation today and for the last few decades has been about 3% on average. Are you saying you think inflation will reach 10% a year in the near future?

[awake]

Inflation today and for the last few decades has been about 3% on average. Are you saying you think inflation will reach 10% a year in the near future?

In some sectors it already is. See healthcare, oil, and food prices.

[frodus24]

University of Phoenix is a for-profit school. They are very expensive as I have worked for one of their "sister" programs. All you essentially get is Pell(if you qualify) and loans. When government subsidizes education, the price goes through the roof!

[oyarde]

Inflation today and for the last few decades has been about 3% on average. Are you saying you think inflation will reach 10% a year in the near future?

Yeah , or more , on anything that matters....

[LibForestPaul]

That's a lot of coin, but I guess it's what you'd expect from a career that requires 14 years of study, residency, and what not. Everyone else you know in college leaves at 22 - you're done a decade later.

yes, nice racket