Relevant:
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
- The looming student loan bubble -- Almost half of all student borrowers were not making payments.
- Senior citizens continue to bear burden of student loans
- Private Student Loans: The Subprime Mortgages of the College WorldÂ
- The U.S. Student Loan Implosion: By The Numbers
2012-03-26 — zerohedge.com
`` Fitch discloses something rather troubling, namely that of the $1 trillion + in student debt outstanding, "as many as 27% of all student loan borrowers are more than 30 days past due." In other words at least $270 billion in student loans are no longer current. That this is happening with interest rates at record lows is quite stunning and a loud wake up call that it is not rates that determine affordability and sustainability''
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