"By now, we're all familiar with the meme that underwater mortgages are keeping the prospects of economic growth down.But there's another bubble in the system: negative university degree equity.
More than 11 million Americans still struggle financially because of underwater mortgages. The financial strain is undermining consumer confidence and prolonging the recession. But millions are also saddled with degrees that aren't really worth the tens of thousands of student loan debt associated with them.
Some analysts see no end to falling house prices, a trend that will push even more American homeowners into negative equity. According to a Bloomberg report, housing prices dropped 5.7 percent in February. Few analysts are paying attention to the declining value of college degrees..."
at http://www.businessinsider.com/underwater-mortgages-and-underwater-student-loans-will-keep-the-economy-weak-2011-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1L2PPTQsV
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