January 31, 2013

HIGHER EDUCATION BUBBLE UPDATE: Record number of recent college grads defaulting on loans according to new report. “This situation is simply unsustainable and we’re already suffering the consequences. When wage growth is slow and jobs are not as plentiful as they once were, it is impossible for people to continue taking out ever-larger student loans without greatly increasing the risk of default. There is no way around that harsh reality.”

Do tell.