Bloomberg Business, By Noah Smith, April 17
Here are three charts about student loans that have me worried. First, the total amount of student loans in the U.S. has risen steadily, doubling just since the financial crisis:
This is troubling, although by now it’s a story that most people know. But what fewer people realize is that the federal government has rapidly taken over almost the entire student-loan market since the crisis. Federally owned student loans rose from zero in the mid-1990s, to a bit more than $100 billion on the eve of the crisis, to about $850 billion in late 2014:
…Student debt now comprises 45 percent of federally owned financial assets. Oy!
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