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Student Loans are Expected to be the Next Bursting Financial Bubble

by on August 12, 2011

black wealth, african american wealth, student loans

by Kirsten West Savali, Your Black World

As worries over the astronomical debt held by the United States reaches a fevered pitch, college education may be the next cut on the spending chopping block.

Moody’s Analytics released a report in July that suggests that continued high unemployment rates among college graduates — compounded with increased federal student loan debt accumulated by graduation — equals the student loan economic “bubble” being the next one to burst.

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