CT TV: College Debt How Bad Is It?
5 facts to know about the student loan debt problem. Is the college debt bubble going to cause the next recession?
1.Trillions in debt
2. Sky rocketing tuition costs
3. Sky rocketing text book costs for new editions of old books
4. Universities are money makers.
5. Default rate is the same or sometimes beyond the level of the housing bubble default rates in 2007
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