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> Who is the largest holder of student debt in the United States? The answer to that question explains why apprenticeships and trade schools are not promoted.
by Bromskloss 9y ago
> Who is the largest holder of student debt in the United States? The answer to that question explains why apprenticeships and trade schools are not promoted.
Could you spell this out for us? Who hold the largest debt? And promoted by whom?
- jsharf 9y agoMost student debt is owned by the US Federal Government. "In 2010, the Congressional Budget Office (CBO) estimated 55% of loans fell into this category. Between 2011 and 2016, the share of privately originated student loans fell by nearly 90%." "In February 2016, the U.S. Treasury Department revealed in its annual report that student loans account for 31% of all U.S. government assets." that 31% figure is pretty concerning... https://www.investopedia.com/articles/personal-finance/081216/who-actually-owns-student-loan-debt.asp https://www.investopedia.com/articles/personal-finance/08121...