Banks Want to Do To Student Loans What They Did to Mortgages

On the heels of yesterday's post about student loans and their growth.  I want you to know that Wall Street is hot on the problem.  They've made a quiet proposal to the "supercommittee" that's supposedly addressing government deficits to have the government subsidize the banks via fees without creating any more student loans or taking … Continue reading Banks Want to Do To Student Loans What They Did to Mortgages

Student Loans and the Building Crisis

Student loans are gradually becoming a crisis.  At the macro level, student loans are the only sector of consumer finance that is growing since the recession began 3 years ago.  Federal student loans outstanding now total more than $1 trillion.  That's more than total credit card debt.  From Mybudget360.com: Student loan debt only segment of … Continue reading Student Loans and the Building Crisis