Student-Loan Delinquencies Rise, Adding To Fears Of An Education Bubble

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Student-Loan Delinquencies Rise, Adding To Fears Of An Education Bubble

August 18th, 2011

FAKE NEWS for the Zionist agenda

Alexander Eichler
The Huffington Post
August 167, 2011

While the job market remains sluggish, student loan debt continues to rise, fueling fears that a higher-education spending bubble may be underway.

Outstanding student debt has climbed 25 percent since the start of the financial crisis in 2008, according to the Federal Reserve Bank of New York — an increase from $440 billion then to $550 billion now. By contrast, every other major category of consumer debt, including mortgage debt, credit card debt, auto loans and home equity loans, is lower today than it was in the fall of 2008.

Not only has student debt risen precipitously, but more and more of those loans aren’t getting paid off on time. In the second quarter of 2011, the rate of student loans that were more than 90 days past due rose from 10.6 percent to 11.2 percent, according to the New York Fed.

One Response to “Student-Loan Delinquencies Rise, Adding To Fears Of An Education Bubble”

The numbers do not lie!! I have been watching this unfold and it is the next BIG BUBBLE!!! I tried to get corperate America to make changes on this college education thing 26 years ago!! I wanted them to start operating like Germany!! We do not need all of our young people to go to college!!! They needed to start picking High school kids for apprentiships and train them on the job!! Why spend money on college when you can get your education for free and collect a pay-check at the same time!!! Why??? Because in the corperate world, that means loyalty!!! They would not have any part of it!! Here we are today and what do we have???
A BIG FAT ZERO!! And NO JOBS TO BOOT!! They went the “GREED ROAD” instead of investing in our own country to make it stronger!!! They took the road that led them to GREAT profits and really have nothing invested…a house built on SAND…