The Developing Student Loan Crisis

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by Robert Wenzel Economic Policy Journal

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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:

Analysis of Student Loan Debt

 

Reprinted with permission from Economic Policy Journal.

2013 Economic Policy Journal

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