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    Higher Ed bubble in two charts

    Higher Ed bubble in two charts

    Via Wapo, Past due student loans multiply:

    While student loans are growing as a part of the total consumer debt balance in the United States, they are still a small part. But they are now leading among loans that are 90 days or more past due.


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    I would guess that rule arose because there is no tangible collateral when assuming an education loan. The extraordinary debt accumulates because of price distortions in that market. They need to address those market distortions, principally due to federal government intrusion, so people can once again afford to pay for their higher education.

    The typical Gen X-er and below is pretty much incapable of critical thinking involving planning, cause and effect. Massive student loan debt being a symptom.

    Obama had his finger perfectly on the pulse of that generation (and their parents) when he commanded they remain on the parents’ insurance until age 26; enshrining in federal law the reality that, for this generation, their adolescence extends well into what used to be thought of as full adulthood.

    […] Higher Ed bubble in two charts Past due student loans multiply […]

    […] student loan bubble is popping. If you need to consolidate or get a better rate on loans check out this […]

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