JUST SAY NO To Student Loan Bailouts
Nov 29, 2012 at 4:12 AM
DailyBail in Bailout, charts, cnbc, cnbc video, cnbc video, larry kudlow, student debt, student loan bubble, student loans

Good discussion.

With 11% delinquency rates, the student loan bubble is about to pop.  Kudlow is deeply suspicious taxpayers will be covering the check.

Chart from ZH:

As of September 30, Federal (not total, just Federal) student loans rose to a gargantuan $956 billion, an increase of $42 billion - the biggest quarterly jump since 2006.

A personal note -- when I graduated from the University of Virginia in 1988, as an out-of-state student, the tuition bill for 4 years was approximately $25,000.  In 2012, that wouldn't buy a year at UVa.  So much for Jefferson's academic utopia.

Spout off.  Should we bailout student loans...?

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