Student Loan Bubble Eerily Similar To Subprime Mortgage Debacle

Student Loan Bubble Eerily Similar To Subprime Mortgage Debacle

Billions in high-interest loans being handed out to people who probably shouldn’t qualify for them, who may not understand the full terms of the loans, and who will likely have trouble paying the money back. Sounds a lot like the stories we were writing five years ago as mountains of subprime, adjustable rate mortgages were coming due, but now it’s about the massive number of student loans written in recent years. [More]