SCHIFFGOLD EXCLUSIVE REPORT
THE STUDENT LOAN BUBBLE:
Gambling with America's Future
The United States government is at it again – creating a massive bubble that puts financial markets at risk. This time it is student loan debt, which has been growing to a size that will dwarf the 2008 financial crisis.
- STUDENT DEBT IS ON TRACK TO TRIPLE TO ALMOST $3.3 TRILLION IN THE NEXT DECADE.
- THE OFFICIAL DEFAULT RATE OF 11.3% DOUBLES WHEN INCLUDING LOANS IN DEFERENCE OR FORBEARANCE.
- A TOTAL STUDENT DEBT SHORTFALL OF $750 BILLION WOULD ALMOST DOUBLE THAT OF THE SUBPRIME MORTGAGE CRISIS.
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