The Disturbing Trend that is Student Loan Debt

Charts like the one below from this Wall Street Journal story yesterday have been popping up all across the internet as the nation’s mounting student loan debt looks increasingly likely to end very badly someday, though, considering all the other things that could end badly, it’s probably not worth worrying about.

Of course, the other big news about student loans is that their default rate recently passed that of credit cards. With the economy still shaky and income growth almost nonexistent, that’s not likely to improve anytime soon, though, over time, the default rate will probably decline.Why? Simply because more and more people will eventually realize that, in many cases, going to college is no longer worth the time or money, something that, today, many Starbucks baristas with liberal arts degrees can no doubt attest to.


One Response to The Disturbing Trend that is Student Loan Debt

  1. albrt November 29, 2012 at 11:58 PM #

    Literally everything in our economy is now just a scam from which bankers earn interest and fees.

    Any line of business you can name has lottery odds of real success, and everybody else is just working to pay off loans like sheep being kept alive for shearing as long as they can live on grass.

    We are almost at the point where Americans will rebel again like they did 1890-1940, but both current political parties are owned by the bankers (kind of like the Cleveland Harrison situation) so not quite yet.

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