HIGHER EDUCATION BUBBLE UPDATE: Aging Student Debtors. “The New York Fed, which has become a chronicler of student loans in America through quarterly reports, recently released historical charts showing the growth in borrowers, balances and delinquencies over the past seven years. They show a steady upward march toward more borrowers, more loans and more debt. . . . In some cases, retirees are finding their Social Security checks docked to repay delinquent federal loans, and parents are paying for their children’s education while still grappling with their own student loans.”

Not surprising.