Money | Can the student loan market be reformed?
by David Skeel
Posted 1/17/17, 09:36 am
If you’re trying to predict which bubble will burst next, don’t rule out student loans. U.S. student loan debt stands at nearly $1.4 trillion, and more than half of all student borrowers do not repay their school loans in full. Is there a fix for this mess?
Some student loan defenders claim the market isn’t as sickly as it looks. The government makes money on student loans, the reasoning goes, and students who obtain college degrees earn an estimated $20,000 a year more than those who don’t.