Trivially solved by magically declaring it off the books as was done with mortgages.
This isn’t actually a meaningful number, The far more important number is the converse: what percentage of total student debt (and total residential mortgage debt) is held by the US government? Almost all of it.
Those “markets” only exist because the government is the industry, and everybody would save money if the govt cut out the intermediaries (banks) who are collecting huge fees for nothing.
This isn’t actually a meaningful number, The far more important number is the converse: what percentage of total student debt (and total residential mortgage debt) is held by the US government? Almost all of it.
Those “markets” only exist because the government is the industry, and everybody would save money if the govt cut out the intermediaries (banks) who are collecting huge fees for nothing.