Connect with us

Hi, what are you looking for?

Jewish Business News


Mark Cuban Concerned About The Student Loan Bubble

The Tonight Show with Jay Leno - Season 22


Mark Cuban departed from his usual Ayn Rand-like attitude (he has a yacht named after the writer’s book “The Fountainhead”) to express concern for impoverished students, or rather colleges that might go bankrupt in an impending student loan bubble, according to Business Insider. Tuitions have risen to such a staggering degree that graduates begin their Freshman year of life and a hard course of decades crippled by debt that provides them with only the bare necessities.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Mark Cuban, star of CNBC’s Shark Tank and owner of the Dallas Mavericks, thinks the crisis could be as huge as the infamous housing bubble that triggered the Great Recession of 2008. He told, “It is inevitable that there will be a cap on student loan guarantees, and when that happens, you are going to see a repeat of what on in the housing market. When easy credit for buying and flipping a house disappeared we saw a collapse in the price of housing, and we are going to see a collapse in the price of  student tuition, and that’s going to lead to colleges going out of business.”

Mark Cuban and Elizabeth Warren would certainly make strange political bed fellows, but they agree on this issue. Warren joined personal finance guru Suze Orman, who said banks were “raping” students by burdening them with debt. She had no qualms about using the rape analogy. Suze Orman said, “The kids today, they don’t have money, and they have not been educated about how important it is to pay their student loans … so why are we protecting private banks who are financially raping, and I say that word truthfully, our children?”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.