Direct Federal Loans to students have exploded higher, from $93 billion in 2007 to $560 billion in early 2013, or a 602% increase. This dollar amount exceeds the Gross Domestic Product (GDP) of entire nations, such as Sweden ($538 billion) and Iran ($521 billion) just to name tow countries. Now, if you add in non-Federal student loans of $500 billion, you get a grand total of $1.081 trillion.
The following chart illustrates just another "financial bubble" that is going to burst. Does anyone remember the "sub-prime mortgage" debacle of 2007/08? What is the common denominator between the student loan bubble and sub-prime mortgage bubble? Look no further than the monetary polices of the Federal Reserve System. Does anyone really care? I do! But, then again, my rants wouldn't matter to anyone until they matter to everyone.
The following chart illustrates just another "financial bubble" that is going to burst. Does anyone remember the "sub-prime mortgage" debacle of 2007/08? What is the common denominator between the student loan bubble and sub-prime mortgage bubble? Look no further than the monetary polices of the Federal Reserve System. Does anyone really care? I do! But, then again, my rants wouldn't matter to anyone until they matter to everyone.
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