Friday, September 06, 2013

JPMorgan To Stop Making Student Loans

So apparently one of America's largest banks is pulling back from the student loan market noting they don't see anyway for this segment to grow. Here's one potential implication:
Which means that the government, that one lender that can't and won't pull out from the student loan bubble until it finally blows up, will be even more on the hook, and require yet another bailout of this latest $1+ trillion debt house of cards.
If this bubble blows up does it mean that those who are on the hook will no longer have to pay their loans?

Hat-tip Newsalert!

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