richardhutnik on 27 August 2010
http://studentloanjustice.org/press_release8-6-10.html
The Federal Reserve's latest G.19 report shows that the nation currently owes approximately $825 billion. Year-old OMB budget projection data, meanwhile, shows a cumulative public/private student loan debt burden of about $730 billion*. Updated borrowing estimates provided by Mark Kantrowitz at Finaid.Org confirm that currently, national student loan indebtedness likely stands at about $830 billion.**
There is a time bomb here. Do you think maybe $1.5 trillion plus tied up in this debt would have something to do with a drag on the economy?
