JUST SAY NO To Student Loan Bailouts
From The Daily Bail
November 29, 2012 - 4:12am
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.
What do you think, should we bail out student loans?
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