Short review

Almost half of US student loan debts are considered “in distress” - total burden now over 1.5 trillion dollars

US student loan debt has grown to over $1.5 trillion, but this doesn’t include private loans.

Now, the Department of Education says 43% of these government-backed loans are considered “in distress.”

Fewer than a quarter of student loan borrowers are paying down their principals. Most are simply making interest payments - if they are paying anything at all.

The student loan program is seen as yet another bubble created by government, and this also creates a tremendous drag on the economy.

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