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Student Loans Could Be the Next House of Cards to Fall.
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- Author(s): Rehm, Barbara A.
- Source:
American Banker. 11/10/2011, Vol. 176 Issue 174, p1-3. 2p.
- Subject Terms:
- Additional Information
- Subject Terms:
- Abstract:
The article reports on the U.S. college-student loan market as of November 11, 2011. Growth in this loan market is noted as about $1 trillion in outstanding student debt. An increase in the default rate is mentioned. The federal government's rationale for not guaranteeing student loans from private-sector financial institutions is also mentioned. The student loan market is noted as having similar characteristics as the mortgage bubble that preceded the housing market's collapse.
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