Mark Cuban Explains the Student Loan Crisis in Less than 90 Seconds

'It's holding back housing, it's holding back apartment building, it's holding back car sales, it's holding back clothing sales'

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.”

Video files
Full
Compact
Audio files
Full
Compact
Similar stories
Maxine Waters: Student Loan Debt Is Preventing Young People from Starting Small Businesses, Starting Families
Conan: Mark Cuban Is the First Cuban Donald Sterling Likes
Warren: I Would Declare a National Emergency for Climate Change, Gun Violence, & Student Loan Debt
Elizabeth Warren: I’ll Cancel Student Loan Debt So Long as Grads Don’t Earn More than $100,000
Ocasio-Cortez Makes Student Loan Payment During House Panel Hearing on School Debt