Student Loan Debt is Getting Ugly

Student Loan Debt is Getting Ugly By Craig Eyermann On May 31, 2018, the total public debt outstanding of the U.S. government stood at $21.145 trillion dollars. Of that amount, $1.211 trillion was borrowed so that Uncle Sam could be in the business of making student loans. Over $1 trillion of that subtotal was borrowed after President Obama took over the student loan industry on March 30, 2010. The Ugly Hockey Stick As trends go, the chart of the history of the U.S. government’s borrowing to fund student loans looks like an ugly hockey…

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