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Scoop.it!
Student loan debt has swamped the nation, and produced a generation of educated debtors who owe thousands of dollars they may or may not be able to pay off.
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Today’s New York Times carries an article by Floyd Norris lamenting the fact that student loans are now showing high and rising delinquency rates. Other kinds of consumer loans, he notes, are being made under tighter credit arrangements; “those who should not borrow,” he says, “generally do not.” For some reason, he does not mention mortgage lending, the biggest consumer lending market of all.
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Student loan debt is the only form of debt not discharged by filing bankruptcy.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation
Other Topics
Anders en beter
Met P2P voorbij markt en staat: voor een progressieve coalitie rond de commons. Met nieuws over op p2p gebaseerde praktijken en hoe de overheid, de politiek en de zakenwereld ermee (kunnen) omgaan...
money money money
on money and what it is
music-all
From the Great White Way to the West-End and beyond
Peer2Politics
on peer-to-peer dynamics in politics, the economy and organizations
real utopias
Not TINA (There Is No Alternative) but TAPAS: THERE ARE PLENTY OF ALTERNATIVES
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