Will Student Loan Debt Get A Bailout In the US?

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In the US, student loan debt is becoming a divisive and politically dividing issue. Recently, a parent who had saved up for his daughter’s college confronted Democrat political candidate Elizabeth Warren about her plan to forgive up to $50k per person in student loan debt and Warren laughed at him.

According to Federal Reserve data from their November 2019 Financial Stability report, student loan debt in the US is already over $1.6 trillion dollars in size and grew at 5.1% in the last 12 months. Student loan debt has also grown at a compounded annual growth rate (CAGR) of 9.3% since 1997! Read the report here: www.federalreserve.gov/public…

“You’re Screwing Us” – Warren Defends Plan To Cancel Student Debt After Father Confronted Her In Iowa www.zerohedge.com/political/y…

More Than 40% of Student Borrowers Aren’t Making Payments www.wsj.com/articles/more-tha…

 

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