Some Bad Trends to Counter the White House's Rose Colored Student Loan Glasses

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Some Bad Trends to Counter the White House's Rose Colored Student Loan Glasses

Sep, 2nd 2016

First, the good news: The rise of income-based student loan repayment plans — along with better practices by loan servicers — has helped relieve student debtors by some measures, according to a Bloomberg analysis of new Department of Education figures.

Since June 2013, the delinquency rate — defined in the analysis as the share of borrowers who are at least a month behind on payments — has fallen from about 25% to 19%. (Note that for individuals, being just one day behind technically makes you delinquent.)

The White House recently painted a fairly rosy picture of student debt in the United States, releasing a July report arguing that this debt is generally beneficial for the economy because it raises incomes and leads to other positive effects like...

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