Delinquent U.S. student loans reached a record $166 billion in the fourth quarter. But since “delinquency rates for student loans are likely to understate effective delinquency rates” by about half, according to the Federal Reserve Bank of New York, the figure is probably a far cry from reality.
It seems College is much like gas prices. States raise the taxes and gas goes up and people blame big oil.
Dems tell everyone they need college then raise costs and then blame the lenders.
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