LilBob

Withering Green Shoots

And another derivative on the way...We're about to get another big wave of loan defaults, with so many recent college graduates nearing the end of their student loan grace periods many will end up defaulting on student loan payments. Unfortunately for students today, with a four year degree at many universities costing in excess of $140,000 even living at home with Mom and Dad and working a fast-food or retail job isn't enough to keep them current on their student loan payments. Turns out that college tuition may turn out to be the next "sub-prime crisis" as all those rationalizations about how much more you earn with a college degree runs into the reality of a Globalized world economy with Malthusian employment prospects.