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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