Student debt bubble officially pops as 90+ day delinquency rate goes parabolic. Unlike housing, where the lender can at least take back the house and resell it, there is nothing to recover from junior’s $100k degree in Marxist Nonsense. But, don’t worry – student loans are not dischargable in bankruptcy so junior will spend the rest of his life, if need be, paying it back – assuming he ever gets a job. Boom!
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