The Costs of Higher Ed
Student Debtors Have Very Low Net Worth
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  • LivingRock

    If a young person’s first experience with credit is of the federal student loan variety where the gov’t completely mitigates the risk at the time of borrowing, it’s no wonder poor credit habits beyond are formed. I think this is interesting new twist on the student loan debacle. Not only are the loans themselves pervasive, but it’s instilling bad financial practices in young people.

  • AllanDale

    That’s easy to explain: They borrowed in inflated dollars (1000 percent since 1970, the year before Nixon renounced Bretton Woods) but are paying back in deflated dollars extracted from deflating income. You can look forward to a bottom in 2033.

  • rheddles

    The country has been in moral decline for 40 years. This is merely another symptom.

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