Not exact matches
Student -
loan debt is a ticking time
bomb for our economy: It's higher than ever before, and it may be preventing some of the best and brightest young graduates from making their mark in the world of entrepreneurship.
Remember that we got Dodd - Frank legislation because banks were engaged in practices such as bundling and re-selling
loans that featured massive balloon
debt bombs.
The Student
Loan «
Debt Bomb»: American's Next Mortgage
It basically appears like student
loans are fast becoming the next «ticking time
bomb», similar to the mortgage
debt problem which eventually led to the collapse of many large lending institutions, and paved the path for what has come to be called the «great recession».
This bill is designed to help both the borrower and the lender, and let us hope that it will also help the economy put off another
debt bomb in the form of student
loans.
Specifically, [a «tax
bomb» is] set to go off in 2032, the first year when the
loans qualify for
debt forgiveness.