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Retirely in The things you own end up owning you,

Number of delinquent student loans remains at a high level. Which is the opposite from the good old days when the loans were stable and the students were delinquent and high

Well….yea. We’re still waiting for our bailout. You know….just like the banks got. We have the best debtors prisons. The best! but only for personal bankruptcy. Corporate bankruptcy is still okay because no one gets hurt except the losers. How are we supposed to maintain a class of educated wage-slaves if we take the yoke off their neck?

The percentage of student loan borrowers who are delinquent is staying at an elevated level, but students may not be responsible, according to one expert.

Roughly 11.1% of student loans were at least 90 days delinquent, according to data released by the Federal Reserve Bank of New York on Tuesday. This elevated level of delinquencies, which is higher than in other types of debt tracked by the New York Fed, has been a constant in this data set since roughly 2011 and 2012.

The timing of the spike in the share of borrowers who are struggling with their payments suggests to financial aid expert Mark Kantrowitz that for the most part “it’s more likely to be parents having problem than students,” he said.

I am baffled how anyone can default on a federal student loan.  The income-based repayment plan is incredibly easy and they will give you a deferment if your car breaks down or something like that. Yeah, but you spent your student loan money on drugs, alcohol, and getting laid.  The bankers spent their’s on…. well alright, ya got me there.