Money to Burn: Subsidizing the Higher Education Bubble?

August 22, 2012

Almost half ($460.2 Billion) of the $1 Trillion dollars of Student Loan Debt is held by the U.S. government (i.e., taxpayers).  Recent moves by the Obama administration to consolidate lending through the federal goverment and calls to “forgive” student loan debt will most likely grow this publicly held debt.

Are current federal policies creating another bubble similar to the housing crisis we just went through?  Aaron Swensen of Citizens Against Government Waste suggests they do in this recent Wastewatcher article.

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