An Ugly Hockey Stick of Student Loan Debt

On May 31, 2018, the total public debt outstanding of the U.S. government stood at $21.145 trillion dollars. Of that amount, $1.211 trillion was borrowed so that Uncle Sam could be in the business of making student loans.
Over $1 trillion of that subtotal was borrowed after President Obama took over the student loan industry on March 30, 2010.

As trends go, the chart of the history of the U.S. government’s borrowing to fund student loans looks like an ugly hockey stick, the kind that can have negative implications for the population, particularly those Americans who have a crippling level of student

Read more at The Independent Institute