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