What Would Fiscal Cliff Mean for Student Aid?

FinAid.org founder Mark Kantrowitz on how the potential fiscal cliff would impact college students.

If you are considering Federal student loans to help put your son or daughter through college, you must watch this video and read the related reading to better prepare yourselves.  The status quo will be seriously  impacted based upon how the president and congress solve the quickly approaching, so-called "fiscal cliff."

RELATED READING

•  The Fiscal Cliff Explained (Forbes)
• The Sequester Explained (BPC)
• It’s not a fiscal cliff—it’s an austerity crisis (WAPO)

Update on Tuesday, November 13, 2012 at 7:13 AM by Basil Ryan

Will Big Bird Survive the "fiscal cliff"—and other Pressing Questions>>

The Bubble: Who Caused it. Who Called it. What’s Next?

Scheduled for release in the Fall of  2012, “The Bubble” asks the experts who predicted the current recession, “What happened and why?” Diving deep into the true causes of the financial crisis, renowned economists, investors and business leaders explain what America is facing if we don't learn from our past mistakes. The film poses the question: “Is the economy really improving or are we just blowing up another Bubble?”

This movie trailer shows just how little difference there is between the political parties when it comes to “buying your vote” with big-government, taxpayer-funded programs and policies that are doomed to failure.  When history repeats itself it’s usually at a higher price.

A looming government-backed student loan bubble has soared in recent years to an incredible $867 billion as of year-end 2011.

Telling Video: Students Refuse to Sign Pledge to Pay Individual Share of the National Debt

UC Berkeley students -- who reject cutting spending—refuse to sign our petition and pledge to pay their individual share of the national debt. They do offer some perplexing ideas, however, on how we can eliminate our nation's enormous debt.  These are the future leaders of our country?

What do you think these “Einsteins” will do when their student loans come due?

From the time this video was produced in early 2011,  the National debt has sky rocketed from $14 trillion to $16 trillion.