Two recent studies suggest that this bubble is indeed real and is beginning to burst. The first is the recent Department of Education report on student loan default rates. The report shows that the two-year default rate rose from 8.8% in FY (fiscal year) 2009 to 9.1% in FY 2010. This marks the fifth year of increases in the two-year default rates -- indeed, the two-year rate is nearly double what it was in FY 2005.
Articles: Approaching Crunch Time on the Student Loan Debacle
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