Student loans not paying off as planned
The student loan bubble, including subprime student loans, is now a major problem. The Federal Reserve Bank, creating student loan money out of thin air, is the cause of the student loan bubble.
The easy student loan money allows colleges to increase their education prices even faster than inflation. Students were swindled, got an education with no value, and carried on their backs an unpayable debt. They were swindled both by the feds and colleges.
Our congressmen are responsible for this incredible swindle. The $1 trillion student loan debt is greater than the credit card debt. Credit card debt is held by people who, for the most part, are able to make payments. Students, for the most part, are unable to make any payments. Subprime student loans are a problem, just like the subprime mortgage loans.
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