With debt and delinquencies multiplying, a student loan crisis could be developing but on the other hand, not necessarily.
On the post secondary institution side of the student loan crisis, eligible Title IV schools charge higher tuition than similar non Title IV schools.
The characteristics of the student loan crisis include a high default and delinquency rate, huge amounts of money and a personal and macroeconomic impact.
1. During the great recession, student debt increased. 2. Consequently, student loan delinquencies went up. 3. But graduates are benefiting from their degrees. 4. For one type of a federal student loan held by close to 10 million people, the…