Anyone else see the similarities between the housing market bubble of 2007 and the current student loan situation?
– There is 1.2T (trillion) outstanding in student loan debt [1]
– Defaults are rising sharply [2]
– Jobs are going offshore, or to H1B’s, making it difficult (if not impossible) for students to find employment and repay their loans in the U.S.
– Much like Mortgage-Backed Securities, student loans are being packaged into “Student-loan backed securities.”
– Much like fishy…