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The student loan bubble is nearing a tipping point. As of a few years ago, the total outstanding student loan obligations in the US exceeded the credit card ob
by niggler 14y ago
The student loan bubble is nearing a tipping point. As of a few years ago, the total outstanding student loan obligations in the US exceeded the credit card obligations.
I wouldn't be surprised to see a very hard correction very soon (or a massive bailout). At that point, I expect many of the not-so-stellar private colleges (like the Art Institutes) that thrived on easy student loans to shut down.
Disclosure: I've made a significant amount of money last year betting on this by shorting APOL.
- chii 14y agoslightly off topic but i don't understand how this betting works - what does shorting a stock mean, and who is "losing" the money in order for you to gain?