The Atlanta Journal Constitution recently reported that 43% of student loans are not being repaid. But, despite this, the Federal Government keeps making (or guaranteeing) more and more of them. Total student loans outstanding has quadrupled in a decade to over $1.2 Trillion. And our wonderful and wise government is making even more of them at very low interest rates! College loans are one of the few and largest "assets" of the US government. But default's are rising fast. What's going on here?
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The Student Loan Racket In Action
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The Atlanta Journal Constitution recently reported that 43% of student loans are not being repaid. But, despite this, the Federal Government keeps making (or guaranteeing) more and more of them. Total student loans outstanding has quadrupled in a decade to over $1.2 Trillion. And our wonderful and wise government is making even more of them at very low interest rates! College loans are one of the few and largest "assets" of the US government. But default's are rising fast. What's going on here?