Reprinted with permission from Economic Policy Journal.
The Developing Student Loan Crisisby
Robert Wenzel Recently by Robert Wenzel: Get Ready for Some Major Disinformation About America's Gold
Government continues to support the growth of student loans, which is a method by which government influences education. At the same time, the debt borrowed is turning students into mini-eurozone type debtors. Many have no chance of paying back what they owe. Donghoon Lee, an economist at the New York Federal Reserve, has put together the horrifying data:
March 2, 2013 ©2013 Economic Policy Journal
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