Skip to main content

Pending Student Loan Debt Crisis Sets Off Alarms At Citibank

Citibank Sounds The Klaxon On Pending Student Loan Debt Crisis

student loan debt crisis

The pending student loan debt crisis is unnerving and it has all the same traits as the mortgage crisis. from a decade ago.

Now a major player in the global financial markets is sounding alarms.
Citi Global Perspectives & Solutions recently raises the specter to that of the subprime mortgage crisis. 

According to the Citi report:


Outstanding student debt has almost doubled since 2009. The average undergraduate student borrower graduates with more than $30,000 in debt.

Read more here

Check us out on Facebook at Fight Student Loan Debt

Or Check Us Out on The Web at Student Loan Debt Collection Defense

Comments

Popular posts from this blog

DeVos Family Members Busted In Tax Scam Dragnet

DeVos Family Members Busted For Claiming Bogus Tax Exemptions On Multi-Million Dollar Michigan Properties The DeVos family owe their billion dollar wealth to family patriarch Richard DeVos and Jay Van Andel. DeVos and Van Andel skillfully mastered the art of the legally operating a pyramid marketing scheme when they created Amway in 1959. The DeVos family have also become the second largest contributor to the Republican Party behind the Koch Brothers. Betsy DeVos, the wife of Richard (Dick) DeVos, Jr. came under fire for openly bragging about "buying" elected officials: “I know a little something about soft money, as my family is the single largest contributor of soft money to the Republican National Party. I have decided, however, to stop taking offense at the suggestion that we are buying influence. Now I simply concede the point. They are right. We do expect something in return.”  Read more here Check us out on Facebook at Fight Student Loan Debt ...

Navient Busted Herding Student Loan Borrowers Into Default

Navient Busted Herding Student Loan Borrowers Into Default Then Using The Federal Government To Shake Them Down For Money Navient Corporation is the largest student loan servicer working under contract for Sallie Mae and the Department of Education. The servicer is also the most disorganized and the hardest to get information from. Their level of inept management rivals that of the mortgage servicers in the early days of the financial crisis. The loan servicer is also the most disorganized and the hardest to get information from. Their level of inept management rivals that of the mortgage servicers in the early days of the financial crisis. They are also taking a play from what mortgage servicers did at the peak of the foreclosure crisis. Navient is herding borrowers into default and then charging them crippling late fees and outrageous interest charges. Read more here Check us out on Facebook at Fight Student Loan Debt Or Check Us Out on The Web at Studen...

Student Loan Debt Statistics for 2017 Are Shocking

Student Loan Debt Statistics for 2017 Show Americans Are Burdened With Record-Breaking Student Loan Debt  Student loan debt statistics show 44 million Americans owe over $1.4 trillion in student loan debt. The total debt is also more than double the $620 billion Americans owe on  credit card debt . A Class of 2016 graduate has roughly $37,172 in student loan debt. This is a six percent increase from last year. General Student Loan Debt Facts First of all, let’s start with a general picture of the student loan debt landscape. The most recent reports indicate there is: $1.44 trillion in total U.S. student loan debt 44.2 million Americans with student loan debt Student loan delinquency rate of 11.2% (90+ days delinquent or in default) Average monthly student loan payment (for borrower aged 20 to 30 years): $351 Median monthly student loan payment (for borrower aged 20 to 30 years): $203 (Data via  federalreserve.gov , newyorkfed.or...