Student Loan Debt Could Resemble Subprime Crisis: TreasuryMani
Deputy Treasury Secretary Sarah Bloom Raskin expressed concern over rising American student loan debt and seeing worrying similarities to the U.S. housing-market bubble.
The Treasury Borrowing Advisory Committee, a group of bond dealers and investors that advises the government on market dynamics, also points out in a report there is a “shadow book of potential future defaults, reflected in the volume of loans in deferment and forbearance”.
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