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Student Loan Losses Seen Costing U.S. More Than $400B
- allears 6y agoStudent loans have been a scam for quite a while now. Inflated tuition costs, pressure on unsophisticated borrowers, normalization of extreme debt levels for graduates -- and $400B is a pittance for government budgets. So where did all that money disappear to? Oh, right, to banks and wealthy university endowments. Entities who can well afford a bit of loss, unlike struggling young graduates.
- cjbenedikt 6y agoJust to add to the discussion - student loans are one of the FED's biggest asset: https://www.advisorperspectives.com/dshort/commentaries/2020/09/22/the-feds-financial-accounts-what-are-uncle-sams-largest-assets https://www.advisorperspectives.com/dshort/commentaries/2020...