College loan default rate dips slightly, according to the DOE

President Barack Obama walks to stage to discuss student loans in the Diplomatic Reception Room. (Photo credit: Wikipedia)

https://www.insidehighered.com/news/2014/09/25/default-rate-federal-loans-ticks-down-slightly-21-colleges-face-sanctions-high-rates

Nonetheless a trillion-dollar bubble ought to make us all very nervous.  By the bye, Forbes recently reported that the world's 400 wealthiest now control two trillion dollars… up from $1.7 trillion a year ago.  Maybe they should get together and pay off the bubble.  Fat chance, eh?

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