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The truth about the student loan 'bubble'

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The runup in student loan debt in the wake of the financial crisis might look like a classic financial bubble, but it’s not. Student loan debt hit $1.1 trillion in the first quarter, according to the Federal Reserve Bank of New York — the only kind of consumer debt to increase after households began deleveraging after the 2008 financial crisis. With average student loan balances and default...

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