Thursday, September 2, 2010

Is Higher Education a Bubble?

As if by magic, another of my favorite bloggers looks into the Student Loan Debt issue. Here's an interesting fact, Student loan debt in America is larger than our credit Card Debt. I still think this is less of a big deal because the Government holds most of those loans whereas banks own the credit card debt. Still, if people start defaulting on student loans in record numbers, who is left holding the hot-potato?
Link
Graphic-porn:

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2 comments:

  1. Laura McDonaldSeptember 8, 2010 at 1:57 PM

    I came across these charts the other day and they seemed particularly fitting. In my mind, anxiety over excessively high college tuition and the resulting debt is far worse than housing. Maybe that's because I have more faith that the housing market will balance out. Maybe that's just because I don't own a home? But anyway, enjoy the article!

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  2. Laura McDonaldSeptember 17, 2010 at 4:28 PM

    Also, potentially prescient (though one would hope not) article. Citi Group just sold their student loans division: http://abovethelaw.com/2010/09/citi-sells-student-loan-division-cant-you-hear-the-bubble-bursting/

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