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Currently $1.36 trillion dollars in student loans are outstanding. Financed by US taxpayers. What’s the R.O.I. (Return on Investment) to those taxpayers?
Does that loan money come back in jobs created, new product innovation, or GDP (Gross Domestic Product) increases...
We’ve experienced recessions, depressions, housing slumps, gas lines, currency devaluation and more over the past 150 years. One doesn’t need a crystal ball to know that history will certainly repeat itself.
"It’s official; student loan debt exceeds debt owed on credit cards for the first time in history. If they have not already passed it, student loans will top $1 Trillion dollars soon. In addition, nearly $100 billion, or 10% of those, are delinquent."