Student Loan Bubble
Nationwide student loan debt reached an all time high of one trillion dollars. It also reached an all time high in delinquency rates. Is this the next bubble? Here’s a Bloomberg story about a government plan to make automatic withdrawals from student loan debtors’ paychecks.
Government student loans are the primary culprit in the outrageous increase in college tuitions. It is a simple law of supply and demand. College presidents are happy to oblige when there is someone willing to shovel more money their way.