by Wenli Li – Business Review, Federal Reserve Bank of Philadelphia
Reports in the popular press and policymakers’ concerns about student loans have greatly intensified in recent years because of rising student loan balances and defaults. Even greater cause for concern arose as student loans outstanding passed credit card debt to become the single largest nonmortgage household debt in 2012. Worries about the risk of massive default have even prompted a comparison with the subprime mortgage crisis.
[full page view by hitting the lower right hand corner icon]
The Economics of Student Loan Borrowing and Repayment
To print Scribd document:
- Click “Download.”
- Open with “Adobe Reader”.
- Select “Print”.
source: http://www.philadelphiafed.org/research-and-data/publications/business-review/2013/