Robert Wenzel over at EconomicPolicyJournal.com posted two impressive charts which defy the reality of economics and shows the coming student loan debt bubble will be a hard crash when it happens. Biggest reason student debt is skyrocketing is because most student loans are financed by the federal government. Unfortunately the only ideas being floated is more government intervention.
First chart is the mega growth of student loans compared to other loans in the economy
Another chart he posted shows that only 29% of people paying off student debts and the principle is going down.
Reblogged this on Concierge Librarian.