Mark Cuban Explains the Student Loan Crisis in Less than 90 Seconds
Mark Cuban Explains the Student Loan Crisis Better in 90 Seconds Than Democrats Have in Years (Independent Journal Review)
Dallas Mavericks owner Mark Cuban gave an interview to Inc. Magazine where he predicted the collapse of the student loan bubble.
The money quote, as transcribed by Mic:
“It’s inevitable at some point there will be a cap on student loan guarantees. And when that happens you’re going to see a repeat of what we saw in the housing market: when easy credit for buying or flipping a house disappeared we saw a collapse in the price housing, and we’re going to see that same collapse in the price of student tuition, and that’s going to lead to colleges going out of business.”