People look at information as it is presented to them. One dimensionally. They don’t read between the lines. They don’t understand reality. They simply believe whatever they’re told or they ignore it entirely. Debt is not just between the lender and borrower. There’s an investor too. All of this debt is packaged up and sold off at a profit. As we saw in 2008, derivatives are not exactly safe. Hang on tight.
Two-thirds of American employees regret their college degrees – CBS News
Graduating into student loan debt? Here are financial tips for the Class of 2019 – CBS News
How Student Debt Becomes an Asset-Backed Security – Investment U
SoFi preps first SLABS deal of 2019