By: Tonya Mead, CFE, PI, MBA, MA Educational Psychology
An update to this article are three graphs from the U.S. Department of Education, Federal Student Aid Office which reports upon (in graph format) the trend in student debt defaults.
See here trends (graphs) in student financial aid defaults
- 2012-2018 Trends in student loan defaults
- Student loan defaults by type
- Student loan default rates by state
Now to continue the original article, please continue reading…
The New York Federal Reserve, as reported by ZeroHedge (June, 15, 2017) indicates that as of the first quarter of 2017, total student loan debt was increasing the most and had the highest delinquency rate (around 10-11% from 2013 to 2017). To better associate delinquent loan balance and stagnant wages, see the chart provided by the Economic Policy Institute (Nominal Wage Tracker). It depicts wage growth hovering below 4% in most years. Both are provided below.
[pdf-embedder url=”https://ishareknowledge.com/wp-content/uploads/2017/06/Wages-Student-Debt-Percentages-Graph.pdf” title=”Wages-Student Debt Percentages Graph”]
Other related articles of interest
- Post- Student loans and executive bonuses
- Post- For profit fraud rhetoric
- Post- Hack to prove enrollment
- Post- Hedge funds and fraud in education
Tonya J. Mead, CFE, PI, MBA, MA, Certified K-12 Administrator and School Psychologist is author of Fraud in Education: Beyond the Wrong Answer and president of Shared Knowledge, LLC https://ishareknowledge.com