Student “Loans”

by Art Robinson

“The Student Loan Bubble: Gambling with America’s Future” by Addison Quale, published by the Peter Schiff organization, provides some statistics on student loans in the United States.

Totaling more than $ 1.2 trillion, student loans now exceed credit card debt and are about 15% as much as mortgage debt. Between 2005 and 2013, student loans grew more than 300%.

With 23% of these loans non-performing, the expected current loan loss to taxpayers is about $250 billion. Projections of trends provides an estimate of $750 billion lost over the next 10 years.
While this is one significant factor in the financial instability of the United States, it is far more important in the lives and success of young Americans.

Why do students have this debt?.........To Read More...