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It would be interesting to see what percentage of student loans are serviced by brick and mortar retail, bar tending, barista, etc. types of gigs.
by tmpz22 7y ago
It would be interesting to see what percentage of student loans are serviced by brick and mortar retail, bar tending, barista, etc. types of gigs.
- toomuchtodo 7y agohttps://www.nbcnews.com/news/us-news/student-loan-statistics-2019-n997836 https://www.nbcnews.com/news/us-news/student-loan-statistics... Check out the graphs presented, particularly the last one. Default is very likely for those most likely to have student loan debt (younger workers in lower quality service jobs), but there isn't a systemic risk as the federal government is the insurer of last resort. These are loans in name only; they are, in actuality, taxes you can't default on (or so was traditionally thought; we're making headway in having the ability to default on these obligations and get out from underneath them [1]). [1] https://www.natlawreview.com/article/student-loan-discharged-bankruptcy-just-blip-or-something-bigger https://www.natlawreview.com/article/student-loan-discharged...