Student Loans

Six Graphs That Reveal Big Problems For Student And Auto Loans

A trillion dollars of housing debt has been replaced by a trillion dollars (or more) of student and auto loan debt. Delinquency rates are increasing for student and auto loans, while other loan types have seen a decrease in delinquency. Finally, the value of both the university education and the automobiles people are buying don’t seem to justify the amount being borrowed and spent.

This New Bubble Is Even Bigger Than The Subprime Fiasco

The total value of student loans in America today is LARGER than the total value of subprime loans at the peak of the financial bubble. And just like the subprime mortgages, many student loans are in default.

Trump Administration Rolls Back Obama Protections On Student Loans

Just days after reports emerged that student loan defaults are soaring, the Trump administration has revoked rules put in place by Obama that barred student debt collectors from charging penalty fees on past-due loans...that should take care of that pesky 'moral hazard' problem...

Balance Of Student Loans In Default Soars To Over $137 Billion

Despite Obama's efforts to establish "Income Driven Repayment" plans for student debt (which more or less simply defers principle repayments until some point in the future when they can be taken over by taxpayers), a record amount of student debt fell into default in 2016...shocking.

Where Do America's Subprime Borrowers Live

The two graphs show the percentage of the population with a credit score below 660 in each U.S. county in 2009 and 2016. Comparing 2009 and 2016, we see that the percentage of the population with a subprime credit score has decreased.

"Solutions Abound" To Crush The Crony Cartels

Rather than bemoan the inevitable failure of centralized "fixes," let's turn our attention and efforts to the real solutions: decentralized, networked, localized.

What The Hell Is Going On? - Part 2

"Desperate households across the land aren’t clinging to guns and bibles. They’re clinging to credit cards as their only lifeline in this failing empire of debt, deception, and delusion. "