Majority of Student Loans in Deferment
Borrowers have deferred payments on more than half of outstanding student loans representing 43.5 percent of student debt, according to a study released yesterday by TransUnion, a global credit management firm. Higher loan balances and heavy unemployment are contributing to a looming student debt crisis.
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As the data gets worse and worse, when is this country going to have a moment of honesty and take a hard look at how the scam works and who is making out like the bandits? Bankers, politicians and school administrators. When you have several bandits operating then these partners can act like a bulwark of legitimacy until enough skeptics start taking a harder look.
Then don't forget the Fed which can backstop the entire operation with money printing. Oh yeah, you have to have a chump to take the fall. Hello Mr. Taxpayer. All made possible by the illegal Federal Reserve taxation scheme. Wouldn't following the Constitution be a whole lot easier?