Relevant:
- The U.S. Student Loan Implosion: By The Numbers
- Young Professionals With Student Loan Debt - Priced Out Of The Market
- Private Student Loans: The Subprime Mortgages of the College WorldÂ
- US Treasury Sounds Alarm over Student Loans
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
2012-03-28 — iaconoresearch.com
Though it's not been discussed much in these pages, I've been following the recent rise in student loan balances closely and the story keeps making headlines and getting more interesting. A while back, total student loan debt eclipsed that of credit cards and, last week, the former reached a milestone of $1 trillion.
In this Businessweek story today, we learn about one of the main reasons why student loans are rising almost as fast as the Nasdaq -- nobody has any home equity left!
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