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Affluent Investor | April 28, 2017

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Captive Consumers: How Colleges Prepare Students For a Life of Debt

College Debt

A certain industry gets five billion dollars a year in exchange for helping to get kids hooked on credit card debt. Why is the left not freaking out about this? Because they industry is higher education. These students are perfectly pre-screened as potential life-long debtors. After all, large proportions of them, just by being at an expensive college studying something of very little financial value and financing it through borrowing have shown that they are not discriminating consumers. This is the second installment in the Chris Bowyer, Grace Bowyer, Hope Bowyer serialized college bubble book on Forbes. Share it with someone who needs it, please.

Read the article here…

Jerry Bowyer is a Forbes contributor, contributing editor of AffluentInvestor.com, and Senior Fellow in Business Economics at The Center for Cultural Leadership.

Jerry has compiled an impressive record as a leading thinker in finance and economics. He worked as an auditor and a tax consultant with Arthur Anderson, as Vice President of the Beechwood Company which is the family office associated with Federated Investors, and has consulted in various privatization efforts for Allegheny County, Pennsylvania. He founded the influential economic think tank, the Allegheny Institute, and has lectured extensively at universities, businesses and civic groups.

Jerry has been a member of three investment committees, among which is Benchmark Financial, Pittsburgh’s largest financial services firm. Jerry had been a regular commentator on Fox Business News and Fox News. He was formerly a CNBC Contributor, has guest-hosted “The Kudlow Report”, and has written for CNBC.com, National Review Online, and The Wall Street Journal, as well as many other publications. He is the author of The Bush Boom and more recently The Free Market Capitalist’s Survival Guide, published by HarperCollins. Jerry is the President of Bowyer Research.

Jerry consulted extensively with the Bush White House on matters pertaining to the recent economic crisis. He has been quoted in the New York Times, The Wall Street Journal, Forbes Magazine, The International Herald Tribune and various local newspapers. He has been a contributing editor of National Review Online, The New York Sun and Townhall Magazine. Jerry has hosted daily radio and TV programs and was one of the founding members of WQED’s On-Q Friday Roundtable. He has guest-hosted the Bill Bennett radio program as well as radio programs in Chicago, Dallas and Los Angeles.

Jerry is the former host of WorldView, a nationally syndicated Sunday-morning political talk show created on the model of Meet The Press. On WorldView, Jerry interviewed distinguished guests including the Vice President, Treasury Secretary, HUD Secretary, former Secretary of Sate Condoleezza Rice, former Presidential Advisor Carl Rove, former Attorney General Edwin Meese and publisher Steve Forbes.

Jerry has taught social ethics at Ottawa Theological Hall, public policy at Saint Vincent’s College, and guest lectured at Carnegie Mellon’s graduate Heinz School of Public Policy. In 1997 Jerry gave the commencement address at his alma mater, Robert Morris University. He was the youngest speaker in the history of the school, and the school received more requests for transcripts of Jerry’s speech than at any other time in its 120-year history.

Jerry lives in Pennsylvania with his wife, Susan, and the youngest five of their seven children.

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  • It has all become quite counter productive. In fact when you factor in the education received and what new grads actually gained from the process it is beyond pathetic. A 1966 high school education is equal to a current day gen studies BA or BS. That is beyond pathetic. In other words we have gone backwards after spending untold trillions on education in the last 50 years? And to have a debt collar for the rest of ones life for such worthless endeavors is quite insane ? But who is paying attention to any of the real facts or issues? Certainly not our elected officials or our so-called leaders.They are mostly all part of the insane system that creates these very6 policies of complete failure and ignorance. We live in massive illusions…………. this is just one of many ! Is Obamacare and Illusion ?

  • Farmgirl

    After my two younger daughters saw my oldest spend all her money and then some going to the most expensive college in the nation… They took their college money, and went to the VoTech to learn to be a Hairstylist and a Pastry Chef. They said they would rather have a good car and a down payment for a house and no debt. They heard about the useless subjects from the partisan professors and decided to move to beautiful places with practical skills!

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