Henderson, NV (March 29, 2012) Economy Watch dot com has great article on ‘Student Loan Time Bomb’, I think we not need panic at this point; however, the boat is going to get seriously rocked here shortly. Some on Wall Street have already sold short many of the for profit public stocks and the future for the industry hinges on repayment. I cannot stress enough that schools need to closely monitor their cohort universe data every month.
Economy Watch….."Student debt is growing at an alarming rate. At the end of 2011, total student loan debt crossed the $1 trillion mark, a level that is higher than the sum of all credit card debt in the United States. Already, this category of debt has been likened to the subprime crisis, raising worries that a potential delinquency crisis could find its way into the wider economy." read morehere…..here