LegendKiller
Lifer
- Mar 5, 2001
- 18,256
- 68
- 86
You've been a very angry person around here lately and it's actually kind of unnerving for those of us who remember you definitely being excitable but hardly sounding deranged. I'm as atheist as they come but I do believe in putting out positive energy into the world - or at least declining to put out negativity - and I'd be genuinely concerned about my mental state if I was writing as angrily as you seem to be. Seriously, think about taking a break. Plenty of time to come back and post before the actual election.
Slightly more on topic, I welcome some references to your numbers - that appear 3x - 4x higher than what I've seen in multiple places. But try not to be such an asshole about it.
http://www.federalreserve.gov/releases/g19/current/
This puts it at about $90bn/yr, but I believe that is understated for several reasons.
1. Doesn't include other debt (credit cards among them)
2. Doesn't capture increases from late fees, unsubsidized, forbearance/deferment
3. AFAIK it doesn't include charged off debt
4. I believe it understates private loan balances, including non-student loan debt taken out to finance college, which does happen
https://www.federalreserve.gov/econ...-much-student-debt-is-out-there-20150807.html
The numbers can also disagree a bit based upon this.
At a max of $7,500 for student loans/yr. Not much compared to the total costs.