Student Debt Crisis as 20% in Default! Get Ready For Biggest Bailout Ever.

Perhaps the biggest bubble on earth is the student debt bubble. It’s massive on any scale. There’s no possible way this will end well. Continuously increasing education costs, maximal debt, and the compounding effect of not having a good salary or any job at all on top of debt repayments. This is a system in which cannot end well, yet we are told to ignore it. Sounds fishy to me.

 

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Student Loans Owned and Securitized, Outstanding (SLOAS) | FRED | St. Louis Fed

fred.stlouisfed.org/series/SLOAS

Student Loan Default Has Serious Financial Consequences | The Pew Charitable Trusts

www.pewtrusts.org/en/research-and-analysis/fact-sheets/2020/04/student-loan-default-has-serious-financial-consequences

Student Loan Debt Statistics In 2020: A Record $1.6 Trillion

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www.forbes.com/sites/zackfriedman/2020/02/03/student-loan-debt-statistics/#3fc2c665281f

Section 4: Student loans and debts

www150.statcan.gc.ca/n1/pub/81-595-m/2014101/section04-eng.htm

Federal Interest Rates and Fees | Federal Student Aid

studentaid.gov/understand-aid/types/loans/interest-rates

COVID-19: Stay Informed – National Student Clearinghouse Research Center

nscresearchcenter.org/stay-informed/

Books | The Money GPS

themoneygps.com/books/

The uncertain present and future for recent graduates – BBC Worklife

www.bbc.com/worklife/article/20200901-the-class-of-2020s-uncertain-present-and-future

Student Loan Delinquency and Default | Federal Student Aid

studentaid.gov/manage-loans/default