Student-loan balances on the government’s financial statement skyrocketed from $147 billion in 2009 to $1.37 trillion at the beginning of 2020, despite the 11% decline in student enrollment since 2011.
Half the debt is below $17,000/student. The bulk of the losses are graduate students with low income potential. The bandits are the educational institutions. At 17k, a college loan pays for itself. But sticking around college for another eight years does not.
No comments:
Post a Comment